Business & FinanceEnergy
05 March 2024, 12:34 pm 1 minute
Reuters exclusively reported that Singapore’s Temasek Holdings has shortlisted energy giants Shell and Saudi Aramco among a handful of companies to purchase most of the assets of liquefied natural gas (LNG) trading firm Pavilion Energy.Â
Market Impact
The sale process comes a decade after the state investment firm set up Pavilion Energy to focus on LNG-related investments and takes place as spot Asian LNG prices have fallen more than 40% since mid-August, potentially weighing on the deal’s valuation.Â
Article Tags
Topics of Interest: Business & FinanceEnergy
Type: Reuters Best
Sectors: Business & FinanceCommodities & Energy
Regions: Asia
Countries: Singapore
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story