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Shell and PetroChina to expand gas business in Australia

Canberra, Aug 12 (Prensa Latina) Arrow Energy, a joint venture between Shell and PetroChina, announced today that it will increase the extraction of natural gas in Australia, starting from investments in the Queensland territory, in the northeast of the country.

The joint venture, which is equally owned by the British-Dutch consortium and the Chinese company, unveiled plans on Monday for the second phase of the Surat Gas Project in Queensland state to secure supplies for QCLNG, a liquefied natural gas producer managed by Shell.

At the end of 2023, QCLNG shipped the 1,000th batch of gas, which confirms its importance as a supplier of this hydrocarbon for Australia and the region, said Shell’s director of exploration and extraction, Zoe Yujnovich.

The investments in the portfolio will allow the promotion of an “important and innocuous energy source”, which serves as an alternative to other energy resources, such as coal, with higher greenhouse gas emissions, according to the official.

Extractions associated with the second phase of the project should begin in 2026 and when they reach their maximum level they will be able to provide up to 22,400 barrels of oil equivalent per day, that is, about 130 million standard cubic feet per day.

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