Doubts rise over whether Shell (RDS.A) and PetroChina’s (PTR) plan for a standalone Arrow...
Doubts rise over whether Shell (RDS.A) and PetroChina’s (PTR) plan for a standalone Arrow Energy development in Australia makes financial sense, following cost blowouts at rival projects nearby. Arrow has a weaker gas resource position than rivals because flow rates are lower and nearby land is more difficult to access, so it makes sense for Arrow to consolidate with an existing LNG terminal, Goldman Sachs says.
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