Shell to acquire Pavilion Energy from Temasek.

Shell, a British multinational oil and gas company, agreed to acquire Pavilion Energy, a global energy company that provides LNG trading, shipping, natural gas supply and marketing activities, from Temasek, an investment company based in Singapore. Financial terms were not disclosed. “The acquisition of Pavilion Energy will strengthen Shell’s leadership position in LNG, bringing material volumes and additional flexibility into our global portfolio. We will acquire Pavilion’s portfolio of LNG offtake and supply contracts, which includes additional access to strategic gas markets in Asia and Europe. By integrating these into Shell’s global LNG portfolio, Shell is strongly positioned to deliver value from this transaction while helping to meet the energy security needs of our customers,” Zoë Yujnovich, Shell Integrated Gas and Upstream Director.