Shell's Big Deal Could Shift Global Landscape Of Gas Business

April 8, 2015 8:04 PM

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A huge merger is shaking up the troubled energy industry today. The European oil giant Royal Dutch Shell announced it's buying the BG Group for about $70 billion. Shell hopes the deal will make it a stronger player in the market for liquefied natural gas. As NPR's Jim Zarroli reports, the merger is taking place at a time when falling prices for oil and gas are cutting into profits.

JIM ZARROLI, BYLINE: This is not a good time to be in the petroleum business. Oil prices have fallen by 50 percent since last July and with an oversupply of crude, the industry is even running out of places to store its product. But Shell is hoping that by getting bigger now, it will be in a stronge...

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