Chevron Corp. (NYSE: CVX) started producing LNG and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia, and the first LNG cargo is scheduled to ship next week, the company said March 7.
The project is supplied from the Gorgon and Jansz-Io gas fields in the Greater Gorgon area off the northwest coast of Western Australia. It includes a 15.6 million tonnes per annum LNG plant on Barrow Island, a carbon dioxide injection project and a domestic gas plant that could supply 300 terajoules of gas per day to Western Australia.
The Chevron-operated Gorgon Project is a joint venture between Chevron’s Australian subsidiaries holding 47.3%, ExxonMobil (NYSE: XOM) holding 25%, Shell (NYSE: RDS.A) holding 25%, Osaka Gas holding 1.25%, Tokyo Gas holding 1% and Chubu Electric Power holding 0.417%.
Chevron is positioned to become a major LNG supplier by 2020. Chevron’s Australian projects will help meet growing demand for energy in the Asia-Pacific region.
More than 80% of Chevron’s Australian subsidiaries’ equity LNG from the Gorgon and Wheatstone projects is covered by sales and purchase agreements and heads of agreements with customers in the region.
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