Shell, Temasek Nearing LNG Deal Worth Hundreds of Millions of Dollars, Reuters Reports
-- British energy major Shell is finalizing the acquisition of liquefied natural-gas assets from Singapore state-owned investment company Temasek, Reuters reports citing unnamed sources.
-- The deal is said to be worth hundreds of millions of U.S. dollars and below what Temasek had initially sought, Reuters reports.
-- The LNG assets--owned by Pavilion Energy, a subsidiary of Temasek--will make Shell the biggest supplier to Singapore, according to Reuters.
-- Temasek and Shell declined to comment. Pavilion Energy didn't immediately respond on a request for comment by Dow Jones Newswires.
Full story: https://tinyurl.com/y598c5j8
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
June 13, 2024 04:25 ET (08:25 GMT)
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