Shell and PetroChina Joint Venture Buying Australian Coal Seam Gas Company for A$3.5B
Green Car Congress
MARCH 22, 2010
CS CSG (Australia) Pty Ltd, a 50/50 joint venture company owned by Shell and a subsidiary of PetroChina, has entered into an agreement to buy Australia-based Arrow Energy Limited, a coal seam gas company, for A$4.70 Coal seam gas is a form of natural gas trapped in coal beds by water and ground pressure. billion (US$3.2
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