A delay by Australia’s anti-monopoly regulator on a decision about Shell’s ￡47bn ($72bn) acquisition of UK energy firm BG may ultimately benefit the deal, ahead of the promise of more competition in the domestic gas market. The Northern Territory (NT) government is expected to announce in the coming weeks the winning bid to build the $1bn North East Gas Interconnector (Negi) pipeline to the eastern Australia gas market. This would boost competition in an enlarged market with NT onshore and offshore gas reserves potentially developed for eastern Australia.
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