Shell-BG Deal Poses Competition Concerns, Regulator Says
By James Paton Sept 17, 2015: BLOOMBERG.COM
Royal Dutch Shell Plc’s $70 billion deal to buy BG Group Plc could reduce the supply of natural gas to local customers in Australia and boost prices, according to the nation’s competition regulator, which delayed a decision on the agreement until November.
The transaction may decrease the incentive for Shell’s Arrow Energy venture with PetroChina Co. to feed gas to the domestic market, the Australian Competition and Consumer Commission wrote in a statement on Thursday. That’s because it would allow Shell to send the Arrow supplies to BG’s Queensland Curtis liquefied natural gas project on the east coast, which is super-cooling the fuel for export to customers in Asia.
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