Shell to Be Frontrunner for Pavilion Energy LNG Assets
- Seller Temasek was seeking a valuation of at least $2 billion
- Deal will boost LNG business for Shell, already largest player
Shell is in talks to buy the LNG assets from Temasek Holdings Pte.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Shell Plc has emerged as the lead bidder to buy assets of trading firm Pavilion Energy Pte, in a deal that will bolster the supermajor’s liquefied natural gas activities.
The company is in advanced talks to buy the LNG assets from Singapore-based owner Temasek Holdings Pte, which was seeking more than $2 billion for the business, people familiar with the matter said, asking not to be identified as the discussions are private.