Shell has been in Australia since 1901. Since that time the company has changed to meet a changing Australian market. Today Shell Australia is focused largely in the Upstream sector, especially in the exploration, development and production of liquefied natural gas (LNG) and oil. Australia ranks second to the United States as an investment destination for Shell and over the last decade Shell has discovered significant resources in Australia. Shell is a major investor in key Australian LNG projects, including the world-leading Prelude floating LNG Project, which is 67.5% owned and operated by Shell. Shell also holds significant positions in two of Australiaís biggest resource projects, the North West Shelf LNG project (one sixth interest) and Gorgon, 25% interest). Shell is pursuing further LNG growth options in Australia, including the Browse Joint Venture Development and Arrow Energy.
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