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  • Pavilion Energy Expands Globally With Commencement Of Europe Operations
    édité le 09/01/2020


Pavilion Energy Expands Globally With Commencement Of Europe Operations
Pavilion Energy Pte Ltd welcomed the 2020s with the 1st January completion of the transaction to acquire Iberdrola’s portfolio of LNG and gas assets, and the launch of its Europe operations. From its new European headquarters in Madrid, Pavilion Energy formally commenced LNG trading operations and natural gas supplies into UK and Spain.

As of 1 January 2020, Mr José Simón, formerly the Head of Global Gas at Iberdrola, was appointed Managing Director of Pavilion Energy for Europe. Mr Simón will oversee the organisation’s European gas trading and global LNG portfolio management & origination business divisions. Concomitantly, Mr Alan Heng was appointed Managing Director for Asia, in addition to his current role as Head of the Energy Sales & Market Development division. Both Managing Directors will establish operations in their corresponding regions and strengthen the organisation’s global processes.

“We are delighted to celebrate this milestone that positions Pavilion Energy as a global energy business. We warmly welcome José and our new joiners in Madrid,” said Mr Frédéric H. Barnaud, Group CEO of Pavilion Energy, “We are pleased to have achieved such a seamless transition in close partnership with Iberdrola and with the great support of our many stakeholders. I look forward to working with José and Alan to drive our global organisation and implement our vision.”

About Pavilion Energy

Pavilion Energy is building a fully integrated energy business that encompasses supply diversity, development of strategic energy assets, investments in full-value supply chains, while building on a strong trading platform with risk management solutions for partners.

About Iberdrola

Iberdrola is a global energy leader, the number one producer of wind power, and one of the world's biggest electricity utilities by market capitalisation. The group is present in numerous countries and supplies energy to over 100 million people mainly in Spain, the United Kingdom (Scottish Power), the USA (AVANGRID), Brazil (Neoenergia) and Mexico. With a workforce of 34,000 and assets in excess of Euros 113 billion, it posted revenues of 35.0759 billion euros and a net profit of 3.014 billion euros in 2018. Iberdrola is leading the transition towards a sustainable energy model through investments in renewable energy, smart grids, large-scale energy storage and digital transformation, offering the most advanced products and services to its customers. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to the fight against climate change and for sustainability.


Origine : Communiqué Pavilion Energy



 
 
 
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