Official announcement from Shell or Temasek Holdings, financial news outlets like Bloomberg or Reuters

Shell Leads Bid to Acquire Pavilion Energy LNG Assets in $2 Billion Deal

Jun 13, 2024, 06:56 AM

Shell has emerged as the lead bidder to acquire assets from Pavilion Energy, a liquefied natural gas (LNG) trading firm. Singapore's Temasek Holdings, the seller, was seeking a valuation of at least $2 billion for the assets. This deal will significantly bolster Shell's LNG activities, as the company is already the largest player in the LNG market. Sources indicate that the deal is nearing finalization.