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

project lng chevron gorgon
Gulf
  • Date: 02-Jul-2021
  • Source: Reuters
  • Sector: Economy
  • Country: Gulf
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Chevron, partners go ahead with $4 bln project at Gorgon LNG – Reuters

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.

The Jansz-Io Compression (J-IC) project, which will help gas recovery at the Gorgon LNG project as the Jansz-Io field ages, is expected to take five years to complete, the U.S. oil major said.

The decision comes as Australia's LNG exporters tout their role in helping Asian customers switch from using dirtier coal in power generation, while the Australian government faces international pressure to do more to curb carbon emissions.

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