Shell (SHEL) to Expand LNG Portfolio With Pavilion Energy Deal

Per a Reuter's report, the sale of Pavilion Energy to Shell is worth hundreds of millions of dollars. However, Temasek and Shell have not yet disclosed any financial details about the transaction in their statements. 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 ...