Arrow Energy, a joint venture between Shell (RDS.A) and PetroChina (PTR) offers to buy...

|By:, SA News Editor

Arrow Energy, a joint venture between Shell (RDS.A) and PetroChina (PTR) offers to buy Australian gas explorer Bow Energy for $543M, about a 70% premium to the market price. The giants have a massive LNG export facility coming online in 2017 and are in a grab for the resources to fuel it.