A tanker chartered by Pavilion berthed in Rotterdam
Shell makes big bets on LNG
Major sees huge opportunities with Pavilion Energy purchase and spate of global gas moves
Shell’s expectations that LNG demand will continue to rise are feeding into the company’s strategy when it comes to growing its global portfolio. In mid-June, Shell announced it was acquiring 100% of the shares in Pavilion Energy from Singapore investment company Temasek in a deal that includes a global LNG trading business with contracted volumes of around 6.5mt/yr. Pavilion’s LNG suppliers include Chevron, BP and state-owned QatarEnergy, and the company has offtake agreements for volumes from Corpus Christi LNG, Freeport LNG and Cameron LNG in the US. Pavilion’s portfolio also includes long-term regasification capacity of around 2mt/yr at the Isle of Grain terminal in the UK as well as reg
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
