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
14 April 2026
The GECF has warned it may revise its projections for demand this year downwards in light of conflict in the Middle East, although it maintains its forecasts for 2027 and onwards
13 April 2026
Petroleum Economist analysis highlights sharp shift from crude oversupply to market deficit, with Iraq and Kuwait badly affected and key producers Saudi Arabia and the UAE also seeing output sharply lower
13 April 2026
Turkmenistan is moving ahead with a modest expansion of the giant Galkynysh field to sustain gas deliveries abroad, but persistent delays to other key pipeline projects and geopolitical risks continue to constrain its export ambitions
13 April 2026
Expensive electricity has forced out swathes of energy-intensive industry and now threatens the country’s ability to attract future investment in datacentres and the digital economy
