Australia: Arrow in Cooperation Talks with Rival Qld LNG Projects

Shell said that its Australian JV with PetroChina, Arrow Energy, is in cooperation negotiations with competitors building LNG projects in Queensland, Bloomberg reported, citing Shell’s Chief Financial Officer Simon Henry as saying.

“We are talking with all of the three current companies about the potential to cooperate,” he said.

“Australian cost inflation is a significant challenge, not only on current projects, but future potential projects,” Henry added.

Arrow is planning the development of an LNG facillity on Curtis Island, off Gladstone which will will be supplied with coal seam gas (CSG) from Arrow’s reserves located in the Surat Basin in south east Queensland and the Bowen Basin in central Queensland.

[mappress]

LNG World News Staff, May 2, 2013