Royal Dutch Shell to acquire BG Group

An aerial view of the QCLNG Project on Curtis Island.

An aerial view of the QCLNG Project on Curtis Island.

Royal Dutch Shell is likely to gain control of BG Group and its assets, given the BG Board’s support for the $A91 billion deal.

The merger would see Shell take control of BG Group’s $A26 billion Queensland Curtis LNG (QCLNG) Project, which recently began exporting LNG from its Curtis Island facility.

Royal Dutch Shell Chief Executive Officer Ben van Beurden said the two companies are a great fit.

“This transaction fits with our strategy and our read on the industry landscape around us,” Mr van Beurden said.

“BG will accelerate Shell’s financial growth strategy, particularly in deep water and LNG: two of Shell’s growth priorities and areas where the company is already one of the industry leaders.”

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