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Shell Plans Additional Gas for Australian Domestic Market

NATURAL GAS

Shell’s QGC business plans to offer additional gas for the Australian market, amounting to about 8 petajoules (PJ) for delivery in 2023.

  • The plan comes after Australia set a price cap on natural gas which will apply to new wholesale gas sales by east coast producers for one year.
  • The price cap, which Shell publicly criticized, was set at A$12 ($8.40) per gigajoule (GJ).
  • The volume is in addition to the 20 PJ gas offered domestically since December 2022, at or below A$12/GJ, of which over 13PJ has been contracted, Shell said.

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