Shell Risks Losing Gas Race as Rival Targets Shared Resource
- Prelude, Ichthys projects to start offshore Australia in 2018
- Shared reservoir benefits first producer to pump gas: WoodMac
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After a decade planning the world’s largest floating gas export plant, Royal Dutch Shell Plc’s supplies could get tapped by a competitor first.
Shell and Japan’s Inpex Corp. are both targeting gas from a connected reservoir in Australia’s remote Browse Basin, about 200 kilometers (125 miles) off its northwest coast, according to consultant Wood Mackenzie Ltd. Meeting its planned start up date this month would give Inpex’s Ichthys LNG project an edge over Shell’s Prelude LNG.