ACCC defers Shell, BG merger decision

An aerial view of the QCLNG Project.

An aerial view of the QCLNG Project.

The Australian Competition and Consumer Commission (ACCC) has again deferred its ruling on the proposed acquisition of BG Group by Royal Dutch Shell.

The postponement is to allow additional time to consider submissions on the merger, with a final decision or release of a statement of issues expected on 19 November 2015.

A statement of issues on the proposed merger was released by the ACCC on 17 September, expressing concern that the acquisition could impact gas supplies in the domestic market.

Shell has so far been involved with the Queensland CSG industry through its 2010 purchase of Arrow Energy, as part of a venture with PetroChina valued at approximately $A3.5 billion.

The company has continued to work on developing the Arrow CSG reserves in Queensland’s Bowen and Surat basins.

This story first appeared on PPO News. For more information on the proposed merger, click here.

Enter your details to subscribe to the free fortnightly Gas Today e-newsletter

Thank you for signing up for the Gas Today Online Update.