Shell, PetroChina Design 9 Million-Ton LNG Plant in Australia

Royal Dutch Shell Plc and PetroChina Co. are designing a liquefied natural gas plant in Australia with capacity of about 9 million metric tons a year that Deutsche Bank AG says will cost more than $20 billion.

Arrow Energy Ltd., the partners’ Brisbane-based venture, plans to decide on whether to invest in the project by the end of next year, Shell Chief Financial Officer Simon Henry said.