Shell shores up QCLNG gas reserves profile with FID on Arrow’s Surat CSG project

摘要

The 50:50 Arrow joint venture between PetroChina and Shell has taken a positive final investment decision on the AUD 10 billion (USD 6.3 billion) first phase of the Surat Gas Project (SGP) in Queensland, Australia. The project will supply gas from 2021 to Australia’s east coast gas market, where supply-demand tightness is expected to support prices in coming years, and to Shell and CNOOC’s Queensland Curtis LNG (QCLNG) facility – which will benefit from additional feedstock to maintain an adequate reserves profile following major write-downs.