Shell Mulls Joining Forces with Qld LNG Rivals, Australia

According to the statements of Simon Henry, Shell Chief Financial Officer, cited by Reuters, options are being tabled on potential sharing of planned LNG facilities in Queensland, Australia, in which process gas would be taken from one producer and put through others’ facilities.

At the moment, there are four LNG projects being developed on Curtis Island near Gladstone, and due to surging development costs Royal Dutch Shell is considering consolidation with its  partner PetroChina. Henry pointed out that the decision on this move will be made by the end of next year.

In addition, as confirmed by Henry, in the aftermath of 1,8 billons of dollars’ worth takeover of UK-listed Cove Energy, headed by U.S. explorer Anadarko, Shell is interested in procurement of further gas exploration assets in Mozambique.

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LNG World News Staff, April 26, 2012; Image: Arrow Energy