Shell completes Pavilion Energy acquisition in Singapore

Singapore-based Shell Eastern Trading, a subsidiary of the Dutch energy multinational, has completed the full acquisition of Pavilion Energy, strengthening its presence in the LNG trading business.

Pavilion Energy, also in Singapore, is a natural gas supplier with contracted supply volume of approximately 6.5 million tonnes per annum (mtpa).

The acquisition includes Pavilion Energy’s portfolio of LNG offtake and supply contracts, regasification capacity, and LNG bunkering business, including around 2 mtpa at the Isle Grain LNG terminal in the UK.

Shell aims to grow its LNG sales by 4% to 5% per year through to 2030, after reorienting its business priorities recently.