Royal Dutch Shell PLC has been reportedly joined the bandwagon as the latest big prospector in Australia's coal seam gas rush. This comes after news that Shell is planning to build a multibillion dollar gas export facility at Gladstone in Queensland state.
It has been a competition of media coverage alongside with BG, ConocoPhillips and Malaysia's Petronas planning to team up with local companies to convert Australia's rich CSG reserves to liquefied natural gas for export.
As to date, five LNG plants are planned to be constructed. Heavy participations comes from all corners including Liquefied Natural Gas Ltd, a smaller scale company compared to the oil giants.
Shell has already signed an exclusive right to investigate a site on Curtis Island near Gladstone for a possible LNG plant with Gladstone Port Corp and has already commenced a feasibility study.
Analysts are not ruling out that there perhaps will be hitting back at Shell by making an even higher bid for Pure Energy from BG.
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