(Source: Australian Competition and Consumer Commission) The Australian Competition and Consumer Commission will not oppose the proposed acquisition by Royal Dutch Shell (Shell) of BG Group (BG). 'The ACCC's view is that the proposed acquisition would be unlikely to substantially lessen competition in the wholesale natural gas market, in either Queensland or eastern Australia more broadly,' ACCC Chairman Rod Sims said. The ACCC considered whether the proposed acquisition would reduce the supply of gas, or reduce competition to supply gas, to domestic customers by aligning Shell's interest in Arrow Energy with BG's LNG facilities in Queensland. 'The ACCC concluded that as Arrow is not...
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