By John Letzing , MarketWatch
SAN FRANCISCO (MarketWatch) Chevron Corp. said Sunday it has agreed to sell a stake in its proposed Wheatstone natural-gas project in Australia, a key means for the U.S. oil giant to address growing demand for energy resources in China and other parts of Asia, to Royal Dutch Shell PLC.
Under the terms of the deal, Shell will gain an 8% interest in Chevrons Wheatstone and Iago natural gas fields offshore of northwest Australia.
In addition, Shell will gain a 6.4% interest in the project facilities, while Chevron will remain the project operator, Chevron said.
The Wheatstone hub will provide a reliable new source of energy to Australia and the region. It will also further enhance Chevrons position as a leading supplier of liquefied natural gas … in Asia-Pacific, Chevron vice chairman George Kirkland said in a statement.
The planned Wheatstone project is a key element in Chevrons plan, unveiled late last year, to increase capital spending this year by some $4.4 billion.
The project is seen as a significant bet by Chevron to be able to feed the continued, rapid economic expansion in China, which has outstripped growth in other parts of the world.
Chevron said Sunday that front-end engineering and design activity on the Wheatstone Project is nearing completion, adding that a final investment decision on the project is expected in the second half of this year.
John Letzing is a MarketWatch reporter based in San Francisco.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
