Shell Invests in Surat Gas Project's Next Phase with Arrow Energy
Shell is investing in the Surat Gas Project in Queensland, Australia, with production expected to start by 2028. The project aims to deliver 79 million standard cubic feet of gas per day, supporting the Queensland Curtis Liquefied Natural Gas export facility amidst regulatory pressures on LNG supply.
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Shell will invest in the next phase of the Surat Gas Project, developed by Arrow Energy, a joint venture with PetroChina. The project aims for peak production of 79 million standard cubic feet of gas per day, with first gas anticipated in 2028.
This production will support the Queensland Curtis Liquefied Natural Gas (QCLNG) export facility, which exports over 8 million metric tons annually. Regulatory changes, including a 20% reservation policy on LNG projects, may impact investment and domestic supply strategies. Shell's leadership has expressed concerns that such policies could hinder future investments.
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