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Chevron, partners go ahead with $4 bln project at Gorgon LNG

REUTERS

Chevron, partners go ahead with $4 bln project at Gorgon LNG

MELBOURNE, July 2 (Reuters) – Chevron Corp (CVX.N) and its partners in the Gorgon LNG project off Western Australia have agreed to go ahead with a $4 billion project to improve gas recovery from offshore wells and keep the huge liquefied natural gas plant filled for 40 years.

Chevron is the operator of Gorgon LNG and owns 47% of the project. Its partners are Exxon Mobil Corp (XOM.N), Royal Dutch Shell (RDSa.L), Osaka Gas (9532.T), Tokyo Gas (9531.T) and JERA (9501.T)(9502.T). read more

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