A tanker chartered by Pavilion berthed in Rotterdam
Shell makes big bets on LNG
Major sees huge opportunities with Pavilion Energy purchase and spate of global gas moves
Shell’s expectations that LNG demand will continue to rise are feeding into the company’s strategy when it comes to growing its global portfolio. In mid-June, Shell announced it was acquiring 100% of the shares in Pavilion Energy from Singapore investment company Temasek in a deal that includes a global LNG trading business with contracted volumes of around 6.5mt/yr. Pavilion’s LNG suppliers include Chevron, BP and state-owned QatarEnergy, and the company has offtake agreements for volumes from Corpus Christi LNG, Freeport LNG and Cameron LNG in the US. Pavilion’s portfolio also includes long-term regasification capacity of around 2mt/yr at the Isle of Grain terminal in the UK as well as reg
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