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Royal Dutch Shell (RDS.A, RDS.B) plans to invest $30B in Australia over the next five years,...

Royal Dutch Shell (RDS.A, RDS.B) plans to invest $30B in Australia over the next five years, outgoing CEO Peter Voser tells an industry conference yesterday. Shell has invested in gas projects in Australia and its Arrow LNG project is one of four gas export plants planned for Queensland's Curtis Island, but the project is expected to be abandoned in favor of selling its gas resources to rival projects.
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  • Uncle Pie
    , contributor
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    odd that Royal Dutch Shell would divest a part of their stake in Woodside, Australia's 2nd largest energy company, and then turn around a few years later and announce that they will be investing $30 billion in Australia. What changed their minds, one wonders?
    28 May 2013, 09:34 AM Reply Like
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