July 8, 2011, 2:45 p.m. EDT
By London Bureau
LONDON (MarketWatch) — Anglo-Dutch oil giant Royal Dutch Shell PLC (RDSA.LN, RDSB.LN, RDSA, RDSB) plans to invest $30 billion in Australia over the next five years, Chief Executive Peter Voser said in an interview with Swiss newspaper Finanz und Wirtschaft to be published Saturday.
The country is a key part of Shell’s liquefied natural gas, or LNG, strategy. Shell aims to produce significantly higher volumes of LNG in coming years, including from the A$43 billion Gorgon project offshore Western Australia state, in which it has a 25% interest.