Oil & Gas

Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has successfully completed the acquisition of 100% of the shares in Pavilion Energy Pte. Ltd. This acquisition strengthens Shell’s position in the liquefied natural gas (LNG) market by integrating Pavilion Energy’s global LNG trading operations, which manage around 6.5 million tonnes per annum (mtpa) of contracted supply.

The acquisition includes Pavilion Energy’s LNG offtake and supply contracts, regasification capacity, and LNG bunkering operations, expanding Shell’s portfolio. This move aligns with Shell’s strategy to increase LNG sales by 4-5% annually through 2030, further cementing its dominance in the sector.

Certain assets are excluded from the transaction, such as Pavilion Energy’s pipeline gas business in Singapore, which was transferred to Gas Supply Pte Ltd (GSPL), and a 20% interest in offshore gas blocks in Tanzania. These exclusions allow Temasek, Pavilion’s previous owner, to retain key non-LNG assets.

Shell, a global energy leader, operates in over 70 countries and is involved in oil and gas exploration, refining, and petrochemicals. Pavilion Energy, based in Singapore, specializes in LNG trading and shipping, while Temasek, its former owner, is a major state-owned investment firm with a broad global portfolio.