Arrow Energy hits Surat project targe
Co-owners Shell and PetroChina take FID, against the global trend, to cover looming Australian east coast supply shortfall and feed LNG exports
Arrow Energy has approved the first stage of the Surat natural gas project in the Australian state of Queensland, despite months of low and volatile oil prices that have seen new developments deferred worldwide until business conditions improve. Shell and state-run Petrochina, equal partners in Arrow, reached FID on the joint venture on 17 April, paving the way for the anticipated development of 5tn ft³ (141.6bn m³) of gas over the project’s lifetime. Shell says Surat would produce up to 90bn ft³ (2.5bn m³) /yr of coal-bed methane (CBM) that would be sold locally and exported through QGC, which operates the 8.5mn t/yr Queensland Curtis LNG (QCLNG) terminal. The Anglo-Dutch major owns a 73.75
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth
