Melanie Findlay and Emma Kime from our Energy, Environment & Agribusiness team attended the AgForce February 2016 Member Meeting in Middlemount to discuss the current position of the Arrow pipeline.
Below is a brief summary of the presentation. The full presentation can be view here, Arrow Update.
Arrow Bowen Pipeline Project
The gas project initially comprised of:
LNG plant Gladstone
Bowen Gas Project
ABP (pipeline from Bowen)
Surat Gas Project
ASP (pipeline from the Surat)
What Now?
Arrow is joint venture of Shell and PetroChina.
December 2015 – the project has been delayed/shelved as gas and oil prices continue to lower.
Shell has recently sold off natural gas and shale assets in Northern America and walked away from the Alaskan Artic project worth $7B.
Energy is an Evolving Industry
The change in attitude towards coal fired power is seeing the closure of coal mines both overseas and in Australia. New technology is bringing down the costs of solar. Renewable energy is definitely an area to watch.
agforce, agribusiness, arrow, coal seam gas, emma kime, landowner, landowner lawyer, melanie findlay, pipeline, rees jones, renewable energy
