Arrow Energy Secures Long-Term Gas Supply for Australia

Joint Venture Between Shell and PetroChina Signs Agreement

Arrow Energy, a joint venture between Shell (50%) and PetroChina (50%), has secured a long-term gas supply agreement with the Australian Government to provide gas for the domestic market. The agreement will enable Arrow Energy to develop its Surat Basin gas fields in Queensland, creating jobs and supporting the Australian economy.

Key Points:

* Arrow Energy has signed a long-term gas supply agreement with the Australian Government. * The agreement will allow Arrow Energy to develop its Surat Basin gas fields in Queensland. * The project is expected to create jobs and support the Australian economy.

Benefits of the Agreement

The gas supply agreement will provide several benefits to Australia, including:

• Increased gas supply: The agreement will increase the supply of gas to the domestic market, helping to meet растущий demand.
• Job creation: The project is expected to create up to 1,000 jobs during construction and operation.
• Economic growth: The project will support the Australian economy by generating revenue and stimulating investment.

Project Timeline

The Surat Basin gas fields are expected to come online in 2026. The project is currently in the development phase, with construction expected to begin in 2024.

Environmental Considerations

Arrow Energy is committed to developing the Surat Basin gas fields in a sustainable and environmentally responsible manner. The company has implemented several environmental protection measures, including:

• Water management: Arrow Energy will use advanced water management techniques to minimize water usage and protect water quality.
• Land rehabilitation: The company will rehabilitate the land after construction to minimize the environmental impact.
• Air quality monitoring: Arrow Energy will monitor air quality during construction and operation to ensure compliance with environmental standards.

Conclusion

The gas supply agreement between Arrow Energy and the Australian Government is a significant development for Australia's energy sector. The project will increase the supply of gas to the domestic market, create jobs, and support the Australian economy. Arrow Energy is committed to developing the Surat Basin gas fields in a sustainable and environmentally responsible manner.