Royal Dutch Shell says it has made a final investment decision to develop the first phase of Australia’s biggest coal seam gas resource in Queensland.
The first phase of the $10 billion Surat Gas Project would bring as much as 90 billion cubic feet per year of new natural gas to market at peak production, Shell said in a statement.
The project is being developed by a Shell and PetroChina joint venture called Arrow Energy. Construction will start this year and its first gas sales are expected in 2021.
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