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Beijing buys into Australian coal-seam gas industry


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Beijing buys into Australian coal-seam gas industry

Arrow Energy Limited has agreed to sell its Australian coal-seam gas assets to Royal Dutch Shell and Petrochina for a sweetened 2.3 billion euros, giving resource-hungry China its first bite of Australia’s burgeoning coal seam gas industry. The revised takeover offer still needs approval from Australian regulators and Arrow shareholders.

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