Brussels, 16/05/2012 (Agence Europe) - On Wednesday 16 May, the European Commission gave the go-ahead to the planned acquisition of joint control over the Angolan company Angola LNG by BP of the UK, Chevron Global Energy of the US, Eni of Italy, Sociedade Nacional de Combustíveis de Angola (Sonangol) of Angola and Total of France. The joint venture will be active in the production of liquefied natural gas (LNG) in Angola and the worldwide supply of LNG. Despite an overlap of the parties' supply of wholesale LNG in the European Economic Area, the Commission found that the transaction would not raise competition concerns because of the joint venture's moderate anticipated market share, the presence of a number of credible competitors in the market concerned and competitors' unchanged ability by three of the parent companies (Total, Eni and BP) to change conditions of access to re-gasification terminals. (FG/transl.fl)