Shell Secures Major LNG Deal With Temasek's Pavilion Energy: Details
Portfolio Pulse from Shivani Kumaresan
Shell Eastern Trading Pte. Ltd., a subsidiary of Shell PLC (NYSE:SHEL), has acquired Pavilion Energy Pte. Ltd. from Carne Investments Pte. Ltd., a Temasek entity. This acquisition enhances Shell's LNG operations, aligning with its growth plans and increasing its LNG capacity. The deal is expected to finalize by Q1 2025, pending regulatory approvals.
June 18, 2024 | 9:22 am
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POSITIVE IMPACT
The VanEck Natural Resources ETF (NYSE:HAP) includes Shell, which has acquired Pavilion Energy to enhance its LNG operations. This acquisition aligns with Shell's growth plans and increases its LNG capacity.
HAP, which includes Shell in its portfolio, stands to benefit from Shell's acquisition of Pavilion Energy. This move enhances Shell's LNG operations and aligns with its growth plans, potentially boosting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
The Direxion Hydrogen ETF (NYSE:HJEN) provides exposure to Shell, which has recently acquired Pavilion Energy to boost its LNG operations. This acquisition aligns with Shell's growth plans and increases its LNG capacity.
HJEN, which includes Shell in its portfolio, stands to benefit from Shell's acquisition of Pavilion Energy. This move enhances Shell's LNG operations and aligns with its growth plans, potentially boosting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Shell's acquisition of Pavilion Energy enhances its LNG operations, aligning with its growth plans and increasing its LNG capacity. The deal is expected to finalize by Q1 2025, pending regulatory approvals.
The acquisition of Pavilion Energy significantly enhances Shell's LNG operations, aligning with its growth plans and increasing its LNG capacity. This positions Shell favorably in the growing LNG market, especially in Asia and Europe.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100