The transformation and development of European oil companies highlight new logic

On June 18th, the international oil company Shell announced that it has reached an agreement with Singapore's Temasek Holdings to acquire all shares of its LNG trader, Pavilion Energy. The transaction is expected to be completed in the first quarter of 2025. It can be foreseen that this transaction will have a profound impact on the LNG market in Asia and even globally. In the context of global energy transformation, this transaction may become an important symbol of changing the competitive landscape of the global energy market.