Sydney Morning Herald: Shell CEO Hints at Restructuring Ahead for Queensland Coal Seam Gas

Shell's global chief executive Ben van Beurden has pointed to a "broad industrial logic" for the Gladstone liquefied natural gas ventures to find ways to work together more closely, signalling a potential restructuring ahead as the oil major seeks to commercialise its Arrow gas resource.

Mr van Beurden said Shell, which recently acquired the Queensland Curtis LNG project as part of its $70 billion takeover of BG Group, was "absolutely convinced" the group would find a way of developing Arrow gas, which is jointly owned by PetroChina.

He said the takeover of BG had brought about "a different reality" now, while the LNG industry in Queensland more broadly faced challenges on the availability of gas resources.

"There is a broad industrial logic to do something where both Arrow and other ventures will benefit from each other," Mr van Beurden told journalists at the LNG18 conference in Perth. MORE