Shell and Saudi Aramco near $2bn acquisition of Temasek-owned LNG trader Pavilion Energy.
Shell and Saudi Aramco are in the final stages of negotiations to acquire Temasek-owned LNG trading company Pavilion Energy, potentially worth over $2 billion. The deal, which follows due diligence by both companies, could expand Aramco's presence in the LNG sector and align with its goal to boost production by more than 60% by 2030. Pavilion Energy supplies a third of Singapore's power and industrial gas demand.
April 05, 2024
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