BG Group Plc - proposed acquisition of Queensland Gas Company Limited

Acquirer(s)

  • BG Group Plc

Target(s)

  • Queensland Gas Company Limited

Market definition

The ACCC considered the proposed acquisition in the context of:
- the market for the production and marketing of wholesale gas in the southern Queensland region connected by pipeline infrastructure (including Brisbane, Gladstone and Mt Isa); and
- the market for the production and marketing of wholesale gas in the southern states (NSW, VIC and SA).

Competition analysis

On 14 November 2008, the ACCC formed the view that the agreement was unlikely to result in a substantial lessening of competition in the relevant markets.
Factors informing this conclusion included the existence of several competitors which would continue to provide alternative supply options for customers.

Timeline

DateEvent
28/10/2008ACCC commenced review under the Mergers Review Process Guidelines.
12/11/2008Closing date for submissions from interested parties.
14/11/2008ACCC announced it would not oppose the proposed acquisition.