Singapore's Temasek Holdings is finalizing a deal to sell 100% of its shares in Pavilion Energy, a liquefied natural gas (LNG) trading firm, to Shell. Sources indicate that the sale, which involves most of Pavilion Energy's assets, is valued at hundreds of millions of U.S. dollars. The transaction is expected to bolster Shell's operations in the LNG sector, with Pavilion Energy trading and shipping approximately 6.5 million tons of LNG per year in Asia and Europe. Shell anticipates LNG demand to rise by 50% by 2040, aligning with a global shift from coal to cleaner energy sources.
Singapore's Temasek to sell Pavilion Energy to Shell https://t.co/8sz2nJL4xC https://t.co/gfWd4k4kE7
Shell agrees to buy liquefied natural gas trader Pavilion Energy, in a deal that will bolster the oil major’s operations in the sector https://t.co/uxRB9ibP5B
Shell doubles down on natural gas by purchasing Singapore's LNG trader Pavilion 🚢❤️ 💸 Pavilion trades & ships LNG in Asia and Europe, with a portfolio of about 6.5 million tons per year 📈 Shell sees LNG demand rising 50% by 2040 amid a shift from coal https://t.co/QWGNZ3BF4U https://t.co/Ih0vsQ8ZLK
Shell agrees to buy liquefied natural gas trader Pavilion Energy, in a deal that will bolster the oil major’s operations in the sector https://t.co/jVTpvLqXcH
🔵 SINGAPORE'S TEMASEK TO SELL PAVILION ENERGY TO SHELL Singapore's global investment company Temasek said on Tuesday it has agreed to sell 100% of its shares in liquefied natural gas (LNG) trading firm Pavilion Energy to Shell. Full Story via Reuters on PiQ Suite - Link in… https://t.co/siamTrGrjE
Singapore's Temasek to sell Pavilion Energy to Shell https://t.co/P4FjEU9P5U
Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say https://t.co/nltuVGxysN
Exclusive: Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources say https://t.co/cIpq7CGoj4 https://t.co/LFHubMVRxD
🔵 EXCLUSIVE-TEMASEK TO FINALISE DEAL WITH SHELL FOR PAVILION ENERGY LNG ASSET SALE, SOURCES SAY Full Story → https://t.co/KXlJPVLgTp Singapore's Temasek Holdings is finalising the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with… https://t.co/ewrPov2X9u
⚠️ EXCLUSIVE: **TEMASEK SET TO FINALISE DEAL WITH SHELL IN COMING DAYS FOR SALE OF PAVILION ENERGY, SOURCES SAY **TEMASEK TO SELL MOST OF PAVILION ENERGY'S ASSETS TO SHELL FOR HUNDREDS OF MILLIONS OF U.S. DOLLARS, SOURCE SAYS