Shell (SHEL) to Expand LNG Portfolio With Pavilion Energy Deal
Shell Global(SHEL) ZACKS·2024-06-19 21:40
Shell plc (SHEL) , the British oil and gas supermajor, has finalized a deal to acquire Pavilion Energy, the Singaporean liquified natural gas (LNG) firm from Temasek, a global investment company. The acquisition is likely to strengthen Shell’s overall LNG portfolio and allow the energy major to tap into key gas markets in Europe and Singapore. Shell is aggressively pursuing an expansion strategy to solidify its position as a leader in LNG markets.Per a Reuter’s report, the sale of Pavilion Energy to Shell i ...