LNG JOURNAL PUBLICATION 14 April 2015 LNG Unlimited The $70-billion transaction to make liquefied natural gas portfolio player BG Group part of Royal Dutch Shell is expected to take until early 2016 to be completed when the LNG giant will emerge with huge...
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LNG JOURNAL PUBLICATION 14 April 2015 LNG Unlimited The $70-billion transaction to make liquefied natural gas portfolio player BG Group part of Royal Dutch Shell is expected to take until early 2016 to be completed when the LNG giant will emerge with huge volumes and a carrier fleet to match to deliver the cargoes. The combined company will control sales of 44 million tonnes per annum of LNG by 2018, making it the largest LNG seller globally. It will also have to face anti-trust scrutiny worldwide to comply with competition rules. Fleet Shell and BG will create a combined fleet of 70 LNG carriers owned or chartered, including 25 vessels Shell operates with Qatar Gas Transport for the largest LNG producer in the Middle East. “Bold, strategic moves shape our industry. BG and Shell are a great fit,” said Shell Chief Executive Ben van Beurden in announcing the deal. LNG volumes will be available from Qatar in the Middle East, North America, the Asia-Pacific region and from African nations
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