Actively expanding LNG business, Shell will acquire energy companies under Temasek
帅冰握
发表于 2024-6-18 18:23:09
1304
0
0
On Tuesday, June 18th local time, energy giant Shell announced its acquisition of Singapore's liquefied natural gas (LNG) company Pavilion Energy, which will strengthen its leadership position in the LNG field.
Lanting Energy was founded in 2013 and is a subsidiary of Singapore's state-owned investment company Temasek. It mainly engages in the trade and transportation of LNG in Asia and Europe, supplying approximately 6.5 million tons of LNG annually. These contracts are sourced from industry giants such as Chevron, BP, and Qatar Energy.
Shell and Temasek have not disclosed the financial details of this transaction, but there have been media reports that Temasek's expected price exceeds $2 billion, but the actual transaction price is only a few hundred million dollars. In addition, Saudi Aramco reportedly participated in the bidding for Lanting Energy.
According to Shell, the acquisition funds will be absorbed within its capital expenditure guidelines. According to Shell's previously released Q1 financial report, the company's full year capital expenditure is expected to be between $22 billion and $25 billion.
Shell stated in a statement, "This transaction exceeds the internal rate of return threshold for Shell's integrated natural gas business, achieving a target of a 15% -25% increase in procurement volume relative to 2022."
It is reported that Lanting Energy will continue to operate as an independent enterprise until the transaction is completed.
The transaction is expected to be completed in the first quarter of 2025 and requires regulatory approval. As the world's largest LNG trader, Shell can meet nearly 1/5 of global demand.
Shell actively expands its LNG business
Zoe Yujnovich, head of Shell's integrated natural gas and upstream business, stated on Tuesday that this acquisition will strengthen Shell's leadership position in the LNG field. According to Shell's announced goals, the company plans to increase its LNG business by 30% from 2022 by 2030.
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 and expects global LNG demand to increase by over 50% by 2040 as countries gradually phase out more polluting fossil fuels.
As a fossil fuel, natural gas produces significantly less pollution and greenhouse gases during combustion than oil and coal, making it widely regarded as a transitional fuel for the transition to clean energy.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Shell sues environmental organization Greenpeace
- How to manage the ecology of shells connecting over 40000 stores
- Shell promises to achieve carbon neutrality at its operational level no later than 2030
- Shell announces a $3.5 billion stock repurchase plan
- Beihao Home, a subsidiary of Beike, appears in Beijing's land auction to anchor "mainstream improved housing customers in key cities"
- Why did Beike make a fortune in 2023
- Two attempts at water and soil auctions, but no action taken to grab ground shells. Response: Currently exploring business opportunities and focusing on first and second tier opportunities
- Beike responds to land acquisition in Xi'an: a 1+2 model for diversified cooperation and non independent development projects
- The 'largest intermediary' enters the real estate market and Beike will independently operate high-end projects
- Beike Zhaofang Xi'an Station and all brokerage brands jointly released a "no disturbance" service commitment
-
11月21日、2024世界インターネット大会烏鎮サミットで、創業者、CEOの周源氏が大会デジタル教育フォーラムとインターネット企業家フォーラムでそれぞれ講演、発言したことを知っている。周源氏によると、デジタル教 ...
- 不正经的工程师
- 昨天 16:36
- 支持
- 反对
- 回复
- 收藏
-
アリババは、26億5000万ドルのドル建て優先無担保手形と170億元の人民元建て優先無担保手形の定価を発表した。ドル債の発行は2024年11月26日に終了する予定です。人民元債券の発行は2024年11月28日に終了する予定だ ...
- SOGO
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 前天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 前天 14:29
- 支持
- 反对
- 回复
- 收藏