The Australian Competition & Consumer Commission (ACCC) said Thursday it would not oppose the deal after initially raising concerns over the proposed merger.
It had been worried the deal could lead to an increase in gas prices and lower supply to Australia's east coast gas market if Shell's 50%-owned Arrow Energy, which holds the largest uncommitted gas reserves on the east coast, was to sell its gas to BG's Queensland Curtis liquefied natural gas (QCLNG) project.
However,