Aug 5, 2026 – 5.00amShell and partner PetroChina have approved the next chunk of investment required to keep gas flowing to the QCLNG export venture in Queensland, committing hundreds of millions of dollars of spending to drill more than 140 new wells.The investment, which is less than $US500 million ($713 million), was announced despite the uncertainty hanging over the east coast gas sector as the Albanese government finalised the design of a domestic gas reservation policy, which Shell says has fundamental flaws.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Shell commits next slab of capex to keep gas flowing to LNG plant
The investment comes even as the energy giant has urged the Albanese government to delay its planned domestic gas reservation scheme to address serious flaws.
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