Scandoil  

ACCC to clear Woodside's acquisition of Apache's interests in LNG projects


Published Mar 6, 2015
Apache Corporation

The Australian Competition and Consumer Commission will not oppose Woodside's proposed acquisition of Apache Corporation's interests in the Wheatstone, Balnaves and Kitimat Projects. The Wheatstone and Balnaves Projects are located in the Northern Carnarvon Basin, offshore WA, while the Kitimat Project is located in British Columbia, Canada.

In Australia, Woodside and Apache overlap in the wholesale supply of natural gas to the domestic market in WA.

'Following the proposed acquisition, Woodside would continue to face strong competition from other suppliers in the market, including Apache, Chevron, and Santos,' ACCC Chairman Rod Sims said.

'Apache will continue to supply gas to the market through its interests in the Macedon, Varanus Island, and Devil Creek Projects. As a result, Apache will remain a larger supplier of domestic gas in WA than Woodside following the proposed acquisition.'

Tags: Apache Corporation, Woodside Energy Ltd.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml