Tuesday, March 9, 2010

Australian Natural Gas in Demand

By Angus Whitley
March 9 (Bloomberg) -- Royal Dutch Shell Plc and PetroChina Co.’s joint bid for Arrow Energy Ltd. may have removed the potential for a Chinese group or any state-owned Chinese companies to make a rival bid, the Australian Financial Review reported in its Street Talk column. Shell, PetroChina and Arrow are still discussing a possible agreement and the value of Arrow’s international business, the newspaper said.
To contact the reporter on this story: Angus Whitley in Sydney at awhitley1@bloomberg.net

Last Updated: March 8, 2010 15:19 EST

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