This comes after ACCC figured that the proposed acquisition is unlikely to raise significant competition concerns in this instance.
Woodside and Apache overlap in the wholesale supply of natural gas to the domestic market in West Australia.
Upon completion of the acquisition, Woodside will continue to face strong competition from other suppliers in the market, including Apache, Chevron, and Santos.
Apache will remain a larger supplier of domestic gas in the region than Woodside as it will continue to supply gas to the market through its interests in the Macedon, Varanus Island, and Devil Creek Projects.
ACCC Chairman Rod Sims said: "Apache’s minority interest in domestic gas produced by the Wheatstone Project will represent only a small fraction of the total gas to be supplied to WA, when it comes online in around 2018.
"The acquisition will not change the structure of the market in a material way, with Woodside’s share of the total market changing by less than 5 per cent."
The Wheatstone and Balnaves Projects are located in the Northern Carnarvon Basin, offshore Western Australia, while the Kitimat Project is in British Columbia, Canada.
