PERTH (miningweekly.com) – The shareholders of oil and gas major Royal Dutch Shell have voted in favour of a $70-billion takeover of BG Group.
Shell in April last year announced plans to gain control of BG Group’s Queensland Curtis liquefied natural gas (QCLNG) project in Gladstone, which turns gas from coal seams into LNG.
The $20-billion project loaded its first LNG cargo at the end of 2014, and production at QCLNG was expected to plateau at eight-million tonnes a year by this year.
The Australian Competition and Consumer Commission cleared the transaction in November last year, marking the first of five regulatory approvals required for the deal.