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18/05/2015at 15:33

Shell's BG acquisition places giant gas field at risk

Shell's acquisition of British BG could end up costing the company the rights to an enormous gas field in Kazakhstan.
Photo: Petr David Josek/AP/POLFOTO/arkiv
Photo: Petr David Josek/AP/POLFOTO/arkiv
BY SØREN SPRINGBORG, ENERGIWATCH

One of British BG's biggest cash cows could disappear in an instant, as Shell's acquisition bid on BG could open up for a new bidding war on the rights to the major Karachaganak gas field in Kazakhstan. The field has till now represented a key source of value creation for BG - gas from the field has accounted for 15 percent of the company's gas output and nine percent of BG's profits, according to the Wall Street Journal.

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