Plan for equality on Shell merger
Jane Harper: Herald Sun: November 8, 2015
A PEAK manufacturing group has urged the competition watchdog to place conditions on Royal Dutch Shell’s multibillion-dollar buyout of oil and gas heavyweight BG Group.
The proposed $US70 billion ($99 billion) deal would be one of the biggest in the oil and gas sector’s history.
The Australian Competition and Consumer Commission is due to announce its decision on November 19, but has raised concerns about the potential impact on gas supply.
Manufacturing Australia has made fresh calls for the ACCC to lay down parameters to ensure gas is made available to domestic and international customers in a “transparent and equal” manner.
Manufacturing Australia said it feared the merger would undermine efforts to reform what it said was presently a dysfunctional gas market. read more
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