Australia should divert LNG exports to meet a domestic gas supply shortfall on the east coast next year, the Australia Competition and Consumer Commission (ACCC) said in its latest report. Australia’s east coast gas market is expected to have a shortage of 56 petajoules (PJ) next year, or about 10% of domestic demand, according to…
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Australia Natural Gas Supply Outlook Improves; Headwinds Remain
Actions taken by Australia’s oil and gas industry to bring more natural gas into the domestic market seem to be working, according to an interim report by the Australian Competition and Consumer Commission (ACCC).
Australia’s Deal with Big Three Operators Ends Threat to Curb LNG Exports
Australia is pulling back from threats to curb natural gas exports after three major producers agreed to put more gas into the domestic market to ease potential shortages.
Shell-BG Group Pairing Gets Another Regulatory OK
The Australian Competition and Consumer Commission (ACCC) has given unconditional clearance to the proposed merger of Royal Dutch Shell plc and BG Group plc. Three of the five pre-conditions of the merger have now been satisfied.
Australian Regulators Put the Brakes on Proposed Shell-BG Merger
Regulators with Australia’s Competition and Consumer Commission (ACCC) said they are concerned that Royal Dutch Shell plc’s proposal to purchase UK-based BG Group plc could lead to higher natural gas prices, and they have postponed a decision on whether to approve the merger for two months.