Shell first into crisis breach to shore up local gas supply

Original article by Angela Macdonald-Smith, Mark Ludlow
The Australian Financial Review – Page: 12 : 22-Mar-17

Shell Australia will undertake a $A500m gas well drilling program in south-east Queensland. Dubbed Project Ruby, it could comprise up to 161 new wells, which will supply gas to both the domestic and export markets. Shell has also advised that the amount of gas it supplies to the domestic market will increase by 10 per cent in 2017, to more than 75 petajoules. Meanwhile, Shell Australia chairman Andrew Smith notes that it is cheaper to ship gas from the US to Victoria than from Queensland.

CORPORATES
SHELL COMPANY OF AUSTRALIA LIMITED, ROYAL DUTCH SHELL PLC, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, ARROW ENERGY LIMITED, PETROCHINA COMPANY LIMITED, QUEENSLAND CURTIS LNG PTY LTD, SANTOS LIMITED – ASX STO, GLADSTONE LNG PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Leave a comment