Shell and Saudi Aramco negotiate to acquire Temasek-owned LNG trader Pavilion Energy for over $2bn.

Shell and Saudi Aramco are in the final stage of negotiations to buy Pavilion Energy, a Temasek-owned LNG trading firm, for over $2bn. If successful, the deal would strengthen both companies' LNG businesses and position Aramco as a global LNG player, in line with its goal to increase gas production by 60% by 2030. Shell, the largest LNG trader, sees gas and LNG as crucial for the energy transition.

April 07, 2024
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