Shell

Shell said it will drill 161 new gas wells at its Queensland operations by the end of 2018, helping to secure its ongoing promise to supply 10% of the country’s gas market demand. The drilling will not affect exports from the company’s Queensland Curtis LNG plant. Shell’s announcement came a week after Prime Minister Malcolm Turnbull met with the company and gas producer ExxonMobil to discuss how to increase supplies to offset a predicted market shortage within 2 years. Eastern Australia has experienced power blackouts and brownouts over the past year, and growing LNG exports have led to soaring gas prices for manufacturers.


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