By Dow Jones Newswires
MELBOURNE, Australia — Royal Dutch Shell PLC (RDSA) has moved finally to unleash a massive natural-gas resource buried in coal deposits in eastern Australia in a development that will see fuel flow to its majority owned liquefied natural gas venture on the country’s tropical coast.
The energy giant and various partners have agreed to a 27-year sales deal covering 5 trillion cubic feet of gas that will anchor the staged development of the Arrow fields in Queensland.