Singapore investment company Temasek has agreed to sell liquefied natural gas trader Pavilion Energy to Shell and believes that Shell is prepared to promote Pavilion Energy's business growth and strengthen its position as a global liquefied natural gas hub in Singapore. The transaction will help Shell participate in liquefied natural gas trading businesses in Europe and Singapore. The acquisition price for this transaction has not been disclosed.

Pavilion Energy, founded in 2013 to capture Asia's demand for liquefied natural gas and support energy transformation, has signed contracts with Chevron, BP, and Qatar Energy for a supply of 6.5 million tons of natural gas annually. The company also purchases liquefied natural gas from Corpus Christi Liquefaction, Freeport LNG, and Cameron LNG in the United States.