bg takeover gaining momentum

Now that BG has withdrawn its takeover of Origin market analysts are saying QGC is next.

BG could now shift its sights to another Australian gas producer, analysts said.

"I think BG will continue to look for opportunities in Australia and there is a chance that BG could look to secure control over Queensland Gas," said Mark Greenwood, analyst at JP Morgan in Sydney.

In February, BG said it had agreed to acquire a 20 percent interest in QGC's coal-seam gas assets and a 9.9 percent stake in QGC and to build an LNG production facility to export the gas from QGC's fields.