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Shell Invests Big in Australia's Gas Future
5 Aug
Summary
- Shell will invest in the next phase of Queensland's Surat Gas Project.
- The project expects peak output of 79 million standard cubic feet of gas daily.
- First gas production is anticipated to commence in 2028.
Shell has confirmed its commitment to the upcoming phase of the Surat Gas Project located in Queensland, Australia. This significant development is being managed by Arrow Energy, a partnership equally owned by Shell and PetroChina.
The project is on track to commence operations, with first gas anticipated in 2028. At its peak, it is expected to yield around 79 million standard cubic feet of gas per day.
This gas will be directed to the Queensland Curtis Liquefied Natural Gas (QCLNG) export facility, which is operated by Shell. QCLNG is one of the three primary LNG exporters on Australia's east coast.
This investment occurs as the government mandates a 20% reservation policy for all LNG projects starting next year. Shell Australia Chair Cecile Wake has voiced concerns, suggesting such policies could deter future investment, emphasizing gas's role in a stable energy transition.
