March 1, 2018 / 10:57 PM / 7 months ago

BRIEF-ACCC Authorises WA And NT LNG Producers

March 2 (Reuters) - Australian Competition And Consumer Commission:

* AUTHORISED CHEVRON, INPEX, SHELL AND WOODSIDE TO COORDINATE MAINTENANCE ACTIVITIES AT LNG FACILITIES IN WESTERN AUSTRALIA, NORTHERN TERRITORY​

* AUTHORISATION IS GRANTED FOR FIVE YEARS, RATHER THAN 10-YEAR PERIOD SOUGHT BY LNG PRODUCERS

* IF PRODUCERS AWARE OF EACH OTHER'S LNG FACILITY SHUTDOWNS AS PART OF THIS DEAL, THE INFORMATION MAY GIVE THEM ADVANTAGE IN GAS TRADING MARKETS Source text for Eikon: Further company coverage:

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