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
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
