News Shell, Aramco in final stage of Pavilion Energy talks – sources tell Reuters

LONDON/SINGAPORE: Shell and Saudi Aramco, which are competing to buy the assets of Temasek-owned liquefied natural gas trading firm Pavilion Energy, are now locked in price negotiations after completing the due diligence process, three sources with knowledge of the matter told Reuters.

The potential sale comes a decade after the Singapore state investment firm set up Pavilion Energy to focus on LNG-related investments. The assets could fetch more than $2 billion, two of the sources said.

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