BG to help Shell challenge Chevron in Australia

摘要

The combination of Shell and Londonlisted BG would create a close rival to Chevron as the leading Australian LNG exporter once all projects under construction are completed. Shell is the second-largest Australian exporter with 9.05mn t/yr of equity LNG export capacity, behind Chevron’s 15.81mn t/yr. But Shell’s takeover of BG would boost its Australian LNG portfolio to 15.32mn t/yr through the addition of BG’s 8.5mn t/yr Queensland Curtis LNG (QCLNG) project at Gladstone, helping close the gap with Chevron. The figures are based on the firms’ equity stakes in existing projects and those under construction. Shell agreed a deal to buy BG earlier this month (see p4).