Shell, the world’s largest LNG trader, is doubling down on the sector and further boosting its liquefied natural gas business as it signed a deal to buy Singapore-based LNG trading firm Pavilion Energy. Shell said on Tuesday that its subsidiary Shell Eastern Trading Pte. Ltd. has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy. Pavilion Energy has a global business encompassing LNG trading, shipping, natural gas supply,…
