Shell To Acquire Pavilion Energy Assets From Temasek, Expanding LNG Market Reach In Europe And Singapore: Report
Portfolio Pulse from Benzinga Neuro
Shell is set to acquire Pavilion Energy assets from Temasek, expanding its LNG market reach in Europe and Singapore. The deal, valued in the hundreds of millions of dollars, will make Shell the largest gas supplier in Singapore. This acquisition aligns with Shell's LNG market growth ambitions.
June 13, 2024 | 10:40 am
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Shell is acquiring Pavilion Energy assets from Temasek, significantly expanding its LNG market reach in Europe and Singapore. This acquisition will make Shell the largest gas supplier in Singapore and aligns with its LNG market growth ambitions.
The acquisition of Pavilion Energy assets will enhance Shell's market position in the LNG sector, particularly in Europe and Singapore. This strategic move aligns with Shell's growth ambitions and will likely have a positive impact on its stock price in the short term.
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