BG Group is making a $A5.6 billion takeover bid for Australian gas producer Queensland Gas Co.
Under the terms of the offer, the British energy company will pay $A5.75 in cash for every QGC share it does not already own.
BG Group already owns some 10% of Queensland Gas Co and is offering $A5.75 in cash for other shares.
QGC directors have unanimously recommended acceptance of the offer to shareholders. The largest shareholder, AGL Energy - which holds a 25% stake - has already accepted the offer.
The deadline for the offer is 15 December.
Last month, BG Group dropped plans to take over Australia's second-largest power retailer, Origin Energy.
Origin instead announced it would embark on a natural gas joint venture with US energy company ConocoPhillips, worth $A9.6 billion.
