Shell Acquires Pavilion Energy to Expand LNG Leadership
The acquisition enhances Shell's LNG portfolio with significant volumes and strategic market access in Asia and Europe.
- Shell will purchase all shares of Pavilion Energy from Temasek Holdings.
- Pavilion Energy's portfolio includes 6.5 million tonnes per annum of LNG supply contracts.
- The deal strengthens Shell's position as the world's largest LNG trader.
- Completion of the transaction is expected in the first quarter of 2025.
- The acquisition aligns with Shell's strategy to increase LNG capacity by 30% by 2030.
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