Shell wins Aussie gas exploration rights - Breaking News - Business - Breaking News

Anglo-Dutch oil giant Royal Dutch Shell has said its Australian division had been awarded gas exploration rights to an area of land in the Browse Basin off Western Australia.
The block lies in shallow water approximately 450 km northwest of Broome and is adjacent to the Ichthys/Brewster gas field, the company said.
Shell's Chairman in Australia Tim Warren said in a statement that the block could be a significant contributor to the supply of liquefied natural gas to the Asia-Pacific market.
"Shell's interests in Australia are very important to realising our regional and global growth aspirations for gas, and to sustaining our global liquefied natural gas leadership position," he said.
"Additional exploration is a pre-requisite to successfully sustaining this position, and at the same time enhancing our overall commitment to Australian gas," Warren said.
The company is the world's third-largest listed oil firm by market value.
© 2006 AAP