The sale of assets of Temasek-owned liquefied natural gas (LNG) trading firm Pavilion Energy is nearing completion, with Shell and Saudi Aramco believed to be the likely buyers
According to news sources in Singapore, plans are well-advanced to sell some US$2Bn of Pavilion Energy assets, with due diligence having been completed. Pavilion Energy is the wholly owned subsidiary of the Singapore state-owned conglomerate Temasek, and has a remit to engage in natural gas supply and global LNG trading and shipping.
Pavilion Energy has a variety of interests in natural gas and LNG, including bunkering. At the end of January 2024, Pavilion Energy took delivery on charter from Mitsui OSK Line’s subsidiary Indah Singa Maritime, Singapore’s first membrane LNG bunker vessel Brassavola.
Shell and Saudi Aramco are named as the buyers in the hunt for Pavilion Energy, but no statements have been released from any of the parties. Both energy majors have significant investments in LNG, which would be boosted by Pavilion Energy’s access to the Singapore markets.
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