Australia delays decision on Shell bid for BG on gas supply concerns
Commodities | Thu Sep 17, 2015
* Regulator raises domestic gas supply, price concerns
* ACCC to issue final decision on Nov. 12
* Shell says still expects to complete deal in Q1 2016
By Sonali Paul
MELBOURNE, Sept 17 (Reuters) – Australia’s competition watchdog flagged concerns on Thursday that Royal Dutch Shell’s proposed $70 billion takeover of BG Group may lessen gas supply competition in eastern Australia and delayed a final decision on the bid to November.
The Australian Competition and Consumer Commission (ACCC) said a large number of market participants had expressed concerns that the proposed takeover may lead Shell’s Arrow Energy to sell its gas into BG’s Queensland Curtis liquefied natural gas plant (QCLNG) for export.
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