Shell Eastern Trading Pte. Ltd., a subsidiary of Shell PLC (NYSE:SHEL), has finalized a deal to purchase Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., a fully owned entity of Temasek.
This acquisition covers the entirety of Pavilion Energy, which is noted for its expansive liquefied natural gas (LNG) operations, with about 6.5 million tonnes per annum of contracted supply.
Positioned in Singapore, Pavilion Energy is a key player in the global energy sector, managing a range of activities, including LNG trade, shipping, and the marketing of natural gas across Asia and Europe.
“We will acquire Pavilion’s portfolio of LNG offtake and supply contracts, which includes additional access to strategic gas markets in Asia and Europe,” stated Zoë Yujnovich, Shell’s Integrated Gas ...