Shell and PetroChina will invest in the second phase of a coal seam gas project in northeast Australia to boost supply to domestic customers and long-term LNG shipments, the UK-based supermajor said on Monday. Arrow Energy, a 50/50 joint venture between Shell and the Chinese giant, announced plans to develop Phase 2 of its Surat Gas Project in Queensland, Australia, at a time when local authorities and industry groups warn that the eastern coast of the continent could see natural gas shortages if no new supply comes online soon. The gas from the…
