Shell Wraps Up Purchase of LNG Firm Pavilion From Temasek

Global energy giant expects acquisition to solidify its leading position in the industry

- Ovais Subhani

Global energy giant Shell said on April 1 that it has completed the acquisition of Singapore's liquefied natural gas (LNG) company Pavilion Energy from Temasek.

The agreement to purchase the LNG trader was announced on June 18, 2024. Shell did not disclose the dollar value of the acquisition.

Shell, already the world's top LNG trader, acquired Pavilion Energy's global LNG trading business, including long-term sale and supply contracts totaling 6.5 million tonnes per annum, regasification capacity and its LNG bunkering business.

"This acquisition helps deliver on Shell's ambition to solidify its leading position in LNG by growing sales by 4 per cent to 5 per cent per year through to 2030," the company said in a statement.

The integration of Pavilion's assets into Shell's global LNG portfolio will commence immediately, it added.