Shell says to develop Surat natural gas project in Australia

SYDNEY (Reuters) - Royal Dutch Shell on Friday said it had taken a final investment decision to develop the first phase of Arrow Energy's Surat Gas Project in Queensland, Australia.The project would bring up to 90 billion cubic feet per year of new natural gas to the market at peak production, which will flow to the Shell-operated QGC venture to be sold locally and exported through its plant on Curtis Island, the company said.Construction of the project will start this year, with first gas..