Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale: Report

SINGAPORE: Singapore's Temasek Holdings is finalising the sale of some assets from liquefied natural gas trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter told Reuters.

The deal's value will be in the hundreds of millions of US dollars, one of the sources said. That would be below what Temasek had originally sought from the sale.which had sought to fetch more than US$2 billion from the deal.Temasek, Pavilion Energy and Shell declined to comment. Shell has been supplying a quarter of Singapore's natural gas needs and the deal will make it the biggest supplier to the country.

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Exclusive-Temasek to finalise deal with Shell for Pavilion Energy LNG asset sale, sources saySINGAPORE/LONDON : Singapore's Temasek Holdings is finalising the sale of some assets from liquefied natural gas (LNG) trading firm Pavilion Energy to Shell with a deal set to be completed in the coming days, two sources with knowledge of the matter said.
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