EnergyWatch

Shell risks losing gas race as rival targets shared resource

An intense battle is taking place for the gas from a connected reservoir in Australia's remote Browse Basin. Shell is up against a Japanese rival and both projects are due to start this year.

Photo: Kirsty Wigglesworth/AP/Polfoto

After a decade planning the world's largest floating gas export plant, Royal Dutch Shell Plc's supplies could get tapped by a competitor first.

Shell and Japan's Inpex Corp. are both targeting gas from a connected reservoir in Australia's remote Browse Basin, about 200 kilometers (125 miles) off its northwest coast, according to consultant Wood Mackenzie Ltd. Meeting its planned start up date this month would give Inpex's Ichthys LNG project an edge over Shell's Prelude LNG.

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