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British media said that Royal Dutch/Shell and PetroChina have made significant progress in the long-awaited Australian natural gas development project.
The two sides signed a 27-year agreement to supply natural gas to Shell's Curtis Liquefied Natural Gas (LNG) project in Queensland
.
According to a Reuters report in Melbourne on December 1, Shell and PetroChina's Arrow Energy said the agreement will bring the company's approximately 5 trillion cubic feet of natural gas in Queensland to the market
.
? "The cooperation will advance the first batch of natural gas output to around 2020, and increase the supply of natural gas in the peak season of the Queensland market by an additional 240 megajoules each year
.
" Arrow Energy CEO Qian Mingyang said in a statement
.
? Reference News Network-The reporter of the Outbound Journal was informed that Arrow Energy had agreed on December 1st to one of Australia's largest natural gas transactions on the east coast, bringing its important natural gas reserves in southern Queensland to the market
.
? Arrow Energy will market most of the natural gas reserves in the Surat Basin (approximately 5 trillion cubic feet), where the company has been producing natural gas for more than a decade
.
In addition to benefiting the benefits of Queensland, the transaction is expected to stimulate the local economy through employment and procurement opportunities, infrastructure donations and investment in community projects
.
The project will also create about 1,000 new jobs
.
? It is understood that Arrow Energy is an enterprise that develops and sells coalbed methane in Queensland, Australia
.
The company is jointly owned by China National Petroleum Corporation and Shell Petroleum & Energy Corporation on a 50/50 equity allocation
.
The two sides signed a 27-year agreement to supply natural gas to Shell's Curtis Liquefied Natural Gas (LNG) project in Queensland
.
According to a Reuters report in Melbourne on December 1, Shell and PetroChina's Arrow Energy said the agreement will bring the company's approximately 5 trillion cubic feet of natural gas in Queensland to the market
.
? "The cooperation will advance the first batch of natural gas output to around 2020, and increase the supply of natural gas in the peak season of the Queensland market by an additional 240 megajoules each year
.
" Arrow Energy CEO Qian Mingyang said in a statement
.
? Reference News Network-The reporter of the Outbound Journal was informed that Arrow Energy had agreed on December 1st to one of Australia's largest natural gas transactions on the east coast, bringing its important natural gas reserves in southern Queensland to the market
.
? Arrow Energy will market most of the natural gas reserves in the Surat Basin (approximately 5 trillion cubic feet), where the company has been producing natural gas for more than a decade
.
In addition to benefiting the benefits of Queensland, the transaction is expected to stimulate the local economy through employment and procurement opportunities, infrastructure donations and investment in community projects
.
The project will also create about 1,000 new jobs
.
? It is understood that Arrow Energy is an enterprise that develops and sells coalbed methane in Queensland, Australia
.
The company is jointly owned by China National Petroleum Corporation and Shell Petroleum & Energy Corporation on a 50/50 equity allocation
.