SINGAPORE - Singapore's global investment company Temasek said on Tuesday it has agreed to sell 100% of its shares in liquefiedThe announcement confirmed a Reuters' report last Thursday saying Temasek was finalising the Pavilion Energy sale to Shell in the coming days in a deal worth hundreds of millions of U.S. dollars.
Since 2013, Pavilion Energy has expanded from Singapore to Europe and built a portfolio including some 6.5 million tonnes per year or mtpa of LNG supply contracts from suppliers like Pavilion Energy's pipeline gas contracts with customers in the power sector are also not part of the transaction and will be novated to GSPL, prior to completion, according to the statement.
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