Arrow Energy of Australia Plans Job Cuts

Arrow Energy of Australia, a 50-50 joint venture between Shell and PetroChina, confirmed that it has conducted a review of staffing levels after local media reported that the CSG company is planning to cut hundreds of jobs as it struggles to make its $20 billion plan for an LNG terminal on Curtis Island viable.

A spokesman for Arrow Energy said in an e-mail sent to LNG World News that the company had “conducted a review of staffing levels as it manages costs.”

“While the company acknowledges this will be a difficult time for employees, it is committed to supporting them through this transition,” the spokesman said.

Arrow is developing a liquefaction facility with a total production capacity of up to 18 mtpa of LNG, and includes the phased construction of up to four trains on its Curtis Island site.

“The company reached a number of major milestones in 2013, including receiving environmental approvals from both the State and Federal Governments,” the spokesman said.

“Arrow will continue to assess development options, including collaboration opportunities, as it looks to develop significant gas reserves,” the spokesman added.

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LNG World News Staff, January 22, 2014