Shell Boosts Its LNG Business by Buying Trader Pavilion Energy

Shell, the world’s largest LNG trader, is doubling down on the sector and further boosting its liquefied natural gas business as it signed a deal to buy Singapore-based LNG trading firm Pavilion Energy.   Shell said on Tuesday that its subsidiary Shell Eastern Trading Pte. Ltd. has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy. Pavilion Energy has a global business encompassing LNG trading, shipping, natural gas supply,…