Pavilion Energy

 

Temasek Gas Startup Lures Former Petronas, Mitsubishi Executives for Downstream Gas Operations

9 July 2013

Singapore (Bloomberg)

Pavilion Gas Pte Ltd, a startup subsidiary of Singapore's state-owned investment company, has hired two former executives from Petroliam Nasional Bhd and Mitsubishi Corp as directors.

Lee Ching and Tetsuro Kuwabara joined Pavilion Gas as directors from Petronas, Malaysia's state-owned oil and gas producer, and Japan's biggest Japanese trading house respectively, an official at Pavilion Energy, said today in an e-mailed response to questions.

Pavilion Gas is a wholly owned subsidiary of Pavilion Energy and was set up to manage downstream gas operations, the official said. The gas company has an initial capital of S$1.25 million ($978,000), according to regulatory filings.

Temasek Holdings Pte, Singapore's investment company, set up Pavilion Energy in April to tap growing demand for liquefied natural gas in Asia.

Pavilion Energy has an initial authorized capital of S$1 billion and will be operating in September, it said in April.

The company will be led by Seah Moon Ming, who joined Temasek in March. Seah is the chief executive officer of Pavilion Energy and Pavilion Gas, according to the company's spokesman.

-- Reporter: Chou Hui Hong chong43@bloomberg.net
-- Editors: Mike Anderson, Alexander Kwiatkowski akwiatkowsk2@bloomberg.net

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