Shell greenlights $2.5 bln Crux gas project off Australia

MELBOURNE, May 30 (Reuters) – Shell Plc (SHEL.L) said on Monday it had given the go-ahead to develop the Crux gas field off Australia, which analysts estimated would cost around $2.5 billion.

Construction is expected to start in 2023 with first gas expected in 2027, which will feed the 3.6 million tonne a year Prelude floating liquefied natural gas (FLNG) facility, the oil and gas major said in a statement.

Shell said the project would help its Asian customers move from coal to gas, and also provide a secure supply source, a key factor following the imposition of sanctions on Russia.

https://www.reuters.com/business/energy/shell-greenlights-25-bln-crux-gas-project-off-australia-2022-05-30/

The Mystery Of The Bermuda Triangle
Serbia's Vucic says agreed 3-year gas supply contract with Putin

Sign up with your email address to receive news and updates.

SUBSCRIBE

Leave a Reply