Shell’s Simon Henry won’t rule out write-down on Arrow LNG in Queensland
Simon Henry, CFO, Royal Dutch Shell Plc
Article by Angela Macdonald-Smith: Energy Reporter, The Sydney Morning Herald: 1 May 2015
Royal Dutch Shell has declined to rule out a write-down of its multibillion-dollar investment in its Arrow Energy natural gas venture in Queensland, depending on decisions taken to develop the gas after the oil major’s $US92 billion ($116.62 billion) takeover of BG Group.
Chief financial officer Simon Henry told investors in London that the Arrow venture, owned equally by Shell and PetroChina, needed to think about “the best way forward to monetise” Arrow gas and create value from its position.
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