Japan and Shell to get well acquainted
Modules for the Queensland Curtis LNG plant in Australia – now part of Shell’s portfolio. (BG Group)
The £47 billion ($70.3 billion) takeover of BG Group gives Shell a large and powerful foothold in Japan – and could therefore give it considerable price-setting power in the world’s largest LNG import market.
"Shell, with its newly acquired value chain, is likely to become the world’s largest price determiner for LNG," Tom O’Sullivan, founder of Tokyo-based consultancy Mathyos Energy, told Interfax. "Shell will be for LNG what Apple is for smartphones."