Pavilion Energy group chief executive Frederic Barnaud has said his company's efforts are focused on bringing Iberdrola’s portfolio into its operation, as it eyes making inroads in Europe.

Pavilion paid €115m ($127.4m) for the LNG assets of Spanish energy company Iberdrola in June as a step towards becoming a global player.

The company officially opened its new European headquarters in Madrid in the last week of November, Barnaud said.