Chevron Pushes Start-up Date for First Gas from Gorgon to Mid-2015; LNG Project Almost 80% Complete
By Vittorio Hernandez | March 13, 2014 9:58 AM EST
Oil giant Chevron, in an update on Wednesday, disclosed that with the completion of the offshore pipelaying at its liquefied natural gas (LNG) project in Western Australia, the country's largest gas project, Gorgon, is almost 80 per cent complete.
About two-thirds of its LNG output has been committed to buyers, with 65 per cent of the natural gas committed under long-term contracts.
But start-up date for the first flow of gas from Gorgon was moved back to mid-2015 from the first quarter of the same year.
While the delay is just by about one quarter, the cost of the venture has soared past the original $37 billion when it was approved in 2009.
Beside Gorgon is Chevron's Wheatstone LNG project, costing $A29 billion, which is 30 per cent complete. About 85 per cent of its LNG output is committed under long-term contracts.
Gorgon has provided employment for about 6,000 people deployed at Barrow Island, while 3,800 workers are assigned at Wheatstone.
When at full capacity, the two LNG facilities would produce 400,000 barrels of LNG daily.
To contact the editor, e-mail:
Most Popular Slideshows
- 2014 MLB World Series Game 1: San Francisco Giants 7, Kansas City Royals 1 [PHOTOS]
- 2014 MLB World Series - Game 2: Kansas City Royals 7, San Francisco Giants 2 [PHOTOS]
- NFL Thursday Recap - Denver Broncos 35, San Diego Chargers 21: Peyton Manning Has 3 TDs In Easy Win [PHOTOS]
- 2014 MLB World Series Game 3: Kansas City Royals 3, San Francisco Giants 2 [PHOTOS]
Join the Conversation
- Xiaomi Redmi 1S vs. Sharp Aquos Crystal – Specifications, Features And Price Showdown
- Verizon Motorola Droid Turbo Leaked Live Images Surfaces, Scheduled To Get Unveiled On Oct 28
- Update HTC One M7 with LG G2 with Android 4.4.2 as Sprint OTA: Fixes and Installation
- U.S. Targets Buyers of ISIS Oil, Threatens Sanctions
- ISIS Syria Airstrike Bombing Has Killed 550 People, Civilians Included
- Russia Blocking OSCE Monitoring Of Its Border With Ukraine
- Russia Slams US 'Double Standards' In The Fight Against ISIS