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​Lochard Energy-Original Energy deal cleared, as Australian regulator identifies constraints

( March 21, 2019, 00:22 GMT | Official Statement) -- MLex Summary: Australian energy-infrastructure company Lochard Energy’s plans to acquire depleted natural gas reservoirs from Origin Energy received approval today from the country’s competition watchdog. In a statement, Australian Competition & Consumer Commission Chairman Rod Sims said it was unlikely that another operator would be in a position to develop the Heytesbury assets at the center of the acquisition and that the proposed Golden Beach underground gas-storage solution could “place competitive constraints” on Lochard’s Iona facilities.The full ACCC statement follows: ...

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