Shell’s ￡47bn ($71bn) proposed acquisition of UK energy firm BG could reduce competition in the east Australia gas mar- ket, the Australian Competition and Consumer Commission (ACCC) says. It has not yet made a final decision on the deal. A combined Shell-BG in Australia would see BG’s 8.5mn t/yr Queensland Curtis LNG (QCLNG) plant at Gladstone, Queensland, integrated with Shell’s east coast gas interests, which are largely held through its Arrow Energy joint venture with China’s state-controlled PetroChina.
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