The European Commission agrees to acquire Shell BG Group

Royal Dutch Shell won approval Wednesday the antitrust authorities of the European Union on its acquisition of British BG Group in exchange for 47 billion pounds after regulators said that the deal does not pose any risk to competition.

The European Commission pointed out that the deal would give Shell a dominant market force in the areas of exploration for oil and gas, gas liquefaction and supply of liquefied natural gas, and will become the new entity's largest LNG in the world and will be more able to compete with Exxon Mobil US oil major