Shell welcomes revised Heads of Agreement
Gas will play a critical role during the energy transition, particularly as coal-fired generation retires. It is in the best interests of Australian customers that we ensure we have the right policy settings to encourage investment in developing additional supplies of gas.
The revised Heads of Agreement attempts to strike the right balance by giving the market confidence that there will be gas available from Queensland at a competitive price in the near term.
Shell’s QGC has already offered 130 petajoules of gas to the market for delivery in 2023, and we are pleased to provide Australian customers with additional reassurance through the revised Heads of Agreement.
We are committed to working with the Government to help identify new domestic and international supply solutions that can be delivered at adequate scale into southern locations in the short to medium term.
