Shell, With $70B Deal For BG Group, Becomes World LNG Giant

Shell, With $70B Deal For BG Group, Becomes World LNG Giant

Apr 8th, 2015 

by John Donovan. 

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Christopher Helman

So this is how the consolidation starts. Royal Dutch Shell is making a smart move in its $70 billion acquisition of BG Group . The deal will gain Shell access to the most exciting deepwater oil projects in the world, in Brazil. While adding in BG Group’s fast-growing liquefied natural gas business will soon make Shell the undisputed world leader in LNG. The combination will set Shell on the path to unseatExxon Mobil XOM -1.95% as the world’s biggest oil company — at least until the next big acquisition is revealed.

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Posted in: Australia, Ben van Beurden, BG Group, Chevron, Chris Finlayson, Forbes,Gas, LNG, Prelude FLNG Project, Royal Dutch Shell Plc.
Tagged: Australia · Chevron · ExxonMobil · Gas · LNG · Royal Dutch Shell Plc · Shell

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