Shell moves on Australia’s coal seam gas market in $700m deal
By Russell Hotten, Industry Editor
Royal Dutch Shell has signed a $700m (£356m) deal to buy a stake in Australia’s Arrow Energy to jointly produce natural gas from coal deposits.
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| Australia’s Origin Energy rejected BG’s £6.5bn revised offer |
The deal, coming as Britain’s BG Group weighs up a move into Australia’s coal seam gas market (CSG), will see Shell and Arrow working to also exploit deposits in China, Indonesia, Vietnam and India.
Interest in Australia’s CSG market has been strong recently, with Malaysia’s Petronas agreeing to invest $2.5bn in a liquefied natural gas project run by Santos at a coal seam gas reserve in Queensland, in north-eastern Australia.
Last week BG had a £6.5bn revised offer for Origin Energy rejected after the Australian company said the Santos deal meant the value of its own assets should be re-rated.
Under the Shell deal, the Anglo-Dutch company will acquire a 30pc interest in Arrow’s CSG acreage in Queensland and a 10pc stake in Arrow International. Shell also has a five-year option to acquire up to 50pc of individual Arrow International projects, including those in China.
Meanwhile, UBS analysts said in a note that they do not believe BG will raise its offer significantly. It is possible, they said, that BG will either walk away, or go directly to shareholders with a hostile bid. BG shares closed down almost 2pc to £12.42 yesterday on continuing concerns that the company might overpay for Origin.
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/03/cnshell103.xml
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
