兰亭能源成立于2013年，是新加坡国有投资公司淡马锡旗下公司，主要在亚洲和欧洲从事LNG的贸易和运输，每年供应的LNG数量约为650万吨，这些合同的货源来自雪佛龙、英国石油和卡塔尔能源等业内巨头。Lanting Energy was established in 2013. It is a subsidiary of Temasek, a Singaporean state-owned investment company, mainly engaged in LNG trading and transportation in Asia and Europe. It supplies approximately 6.5 million tons of LNG annually. According to Shell's target, the company plans to grow its LNG business by 30% by 2030 on the basis of 2022.
On June 18th, the Financial Information Agency reported (Editor: Xia Junxiong) that on Tuesday local time (June 18th), energy giant Shell announced that it will acquire Singaporean liquefied natural gas (LNG) company Pavilion Energy, which will strengthen its leadership position in the LNG field.
Established in 2013, Pavilion Energy is a subsidiary of Temasek, a Singaporean state-owned investment company, mainly engaged in the trade and transportation of LNG in Asia and Europe. It supplies about 6.5 million tons of LNG annually, and the source of these contract products comes from industry giants such as Chevron, BP, and Qatar Energy.
Neither Shell nor Temasek have disclosed the financial details of the transaction, but some media previously reported that Temasek's expected price was more than $2 billion, but the actual transaction price was only several hundred million dollars. In addition, Saudi Aramco is reportedly also involved in the bidding for Pavilion Energy.
According to Shell, the funds from the acquisition will be used within its capital expenditure guidance range. According to Shell's first quarter financial report, the company's capital expenditure is expected to be between $22 billion and $25 billion this year.
Shell stated in the announcement: "This transaction exceeds the internal return rate threshold of Shell's integrated natural gas business, achieving the goal of increasing procurement by 15%-25% relative to 2022."
Before the transaction is completed, Pavilion Energy will continue to operate as an independent company.
The transaction is expected to be completed in the first quarter of 2025 and requires approval from regulatory authorities. As the world's largest LNG trader, Shell can meet nearly one-fifth of the world's demand.
Shell is actively expanding its LNG business.
Zoe Yujnovich, head of Shell's integrated natural gas and upstream business, said on Tuesday that the acquisition will strengthen Shell's leadership position in the LNG field. According to Shell's stated goal, the company plans to increase its LNG business by 30% by 2030 on the basis of 2022.
This transaction will provide Shell with channels to enter the natural gas markets in Europe and Singapore. Shell is still actively expanding its LNG business. The company predicts that as countries gradually phase out more polluting fossil fuels, global LNG demand will increase by more than 50% by 2040.
As a fossil fuel, natural gas produces significantly less pollution and greenhouse gases during combustion than oil and coal, and is therefore widely regarded as a transitional fuel for the transition to clean energy.
