6.4 billion project.17 Apr 2020 13:02
SYDNEYΒ (Reuters) - Royal Dutch Shell said on Friday it had taken a final investment decision to develop the first phase of Australia's biggest coal seam gas resource in Queensland state.
The first phase of the Surat Gas Project would bring as much as 90 billion cubic feet per year of new natural gas to market at peak production, Shell said in a statement.
The project is being developed by a Shell and PetroChina joint venture called Arrow Energy. Construction will start this year and its first gas sales are expected in 2021.