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Shell to Sell Twice as Much LNG as Exxon, Chevron After BG Deal

The Shell oil refinery and chemical works in Rotterdam, Netherlands
Photographer: Paul O'Driscoll/Bloomberg

Royal Dutch Shell Plc will become a dominant player in the liquefied natural gas market through the $70 billion acquisition of BG Group Plc, amassing twice the sales of its nearest competitors.

The combined company will sell about 50 million tons of LNG a year by the end of the decade, Shell Chief Financial Officer Simon Henry said Wednesday after a press briefing in London. Exxon Mobil Corp. and Chevron Corp. will each sell less than 25 million tons, he said.