European oil and gas giant Shell is mapping out its next moves to expand its Australian power business and aims to develop more renewables and zero-emissions hydrogen projects locally to capitalise on the accelerating clean energy revolution.
It has been speculated that Shell may now be assessing other takeover opportunities including for New Zealand power supplier Meridian Energy’s Australian retail business Powershop. However, AGL’s long-term supply contracts for continued coal-fired power generation may reduce its appeal, he said. Australia’s long-haul transport sector also offered the prospect of significant local hydrogen demand, as more fleets turned to hydrogen fuel-cells to reduce emissions, he said.
NickToscano1 'describing the country as an attractive location for manufacturing the fuel due to its abundance of land' yes Shell is destroying Qld productive agricultural land & precious groundwater system in Darling Downs. BlackRock you can have a say as a shareholder of Shell auspol
NickToscano1 How about they stop drilling any more gas wells on our prime farming land in Qld. Arrow Energy is full tilt drilling new gas wells. Arrow Energy is 50/50 Shell and PetroChina. NoNewGasWells today Shell