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Shell plc is making good on ambitions to expand its global LNG business with an agreement to acquire Pavilion Energy Pte. Ltd. – and its 6.5 million metric tons/year (mmty) of contracted supply.
The transaction by Shell Eastern Trading Pte. Ltd. was reached with Carne Investments Pte. Ltd., a subsidiary of Temasek Holdings Ltd. Headquartered in Singapore, Pavilion’s global energy business encompasses liquefied natural gas trading, shipping, natural gas supply and marketing activities in Asia and Europe.
“The acquisition of Pavilion Energy will strengthen Shell’s leadership position in LNG, bringing material volumes and additional flexibility into our global portfolio,” Shell’s Zoë Yujnovich, Integrated Gas and Upstream director, said.
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