Shell, PetroChina to expand Surat coal seam gas project in Australia
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 12 2024
0mins
Source: Reuters
Expansion of Surat Coal Seam Gas Project: Shell and PetroChina are expanding the Surat coal seam gas project in Queensland to increase local energy supply amid calls for more investment in the sector.
Impact on Energy Supply: The second phase of the project is expected to add over 130 terajoules of gas per day, addressing the current supply crunch and higher prices in Australia's east coast energy market.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
