Shell to acquire Pavilion Energy from Temasek, boosting LNG market position

Shell is set to acquire Pavilion Energy, a Singaporean LNG company, from Temasek. This move aims to boost Shell’s leading position in the LNG market. The deal, involving hundreds of millions of dollars, will give Shell access to key gas markets in Europe and Singapore. Pavilion Energy’s supply contracts and regasification capacities in the UK, Singapore, and Spain, along with its LNG bunkering business in Singapore, are part of the acquisition.

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Shell’s integrated gas director, Zoë Yujnovich, stated that the purchase would add significant volumes and flexibility to Shell’s portfolio. The deal aligns with Shell’s growth goals, aiming for a 20-30% expansion in its LNG business by 2030. Temasek will retain its Gas Supply Pte Ltd unit and some of Pavilion’s pipeline gas contracts, while Pavilion Energy will operate independently until the deal is completed, expected by early next year.