Shell Secures Approval for Australia's Giant Offshore Gas Project
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Shell has received environmental approval for its Crux gas project in Australia, which will serve as a backfill source for the Prelude FLNG facility. The project is expected to start producing gas by 2027.
March 10, 2025 | 12:30 pm
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Shell has obtained environmental approval for its Crux gas project in Australia, which will provide a backfill source for the Prelude FLNG facility. This development is crucial for Shell's long-term gas supply strategy, with production expected to begin in 2027.
The approval of the Crux gas project is a significant milestone for Shell, as it secures a future gas supply for the Prelude FLNG facility. This is likely to positively impact Shell's stock in the short term due to the strategic importance of the project.
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