Chevron plans second LNG project in Aust
SYDNEY: US oil giant Chevron Corp said yesterday it plans to develop its second multi-billion dollar liquefied natural gas (LNG) project in Western Australia.
The project centres on Chevron’s wholly-owned Wheatstone natural gas discovery, off the coast of Karratha.
The facility will tap an estimated 4.5 trillion cubic feet of natural gas resources located within the two Chevron-operated permits that include Wheatstone.
Chevron is simultaneously developing its Barrow Island-based Gorgon LNG project, also offshore from Karratha, which has been estimated to cost as much as A$20 billion (K53.8 billion) to develop.
Chevron Australia managing director Roy Krzywosinski said the company would develop Wheatstone and Gorgon as independent projects.
“We have enough gas resources in WA to underpin two Chevron-operated LNG plants,” he said. – AAP
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