Shell Acquisition of BG Group to Create Giant Operator of LNG Ships
LONDON – Royal Dutch Shell PLC’s (RDS.A) planned $70 billion acquisition of BG Group PLC would create a giant operator of liquefied-natural-gas vessels, offering owners that charter the ships more opportunities for lucrative, long-term contracts in an otherwise-depressed shipping industry.
“The merger offers owners more flexibility and better utilization of their fleets, which could mean long-term leases offering steady income,” said Ted Petropoulos, head of Athens-based Petrofin Research. “It’s also a defensive move to secure market share as more players come into the market.”
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