Inform
Gorgon LNG becomes reality with start of LNG production
This report is currently unavailable
Report summary
First LNG is now being produced from Train 1 of the 15.6 mmtpa Gorgon LNG project. The first cargo is expected to leave the facility next week and marks the entry of Chevron as an independent marketer of LNG, selling mainly long-term contracts into Japan but with more recent agreements indicating a broadening customer base. The project has been technically and logistically challenging, with cost inflation and delays leading to budget overruns. However, point forward, the project will generate large amounts of cash for the partners. Chevron aims to bring on the second and third train within 12 months, though we see this, along with persisting poor market conditions, as being a key risk to the project.
Table of contents
- Gorgon LNG becomes reality with start of LNG production
Tables and charts
This report includes 1 images and tables including:
- Chevron's LNG commitments by market
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
LNG short-term analytics: Supply tracker
Weekly short-term LNG supply tracker by liquefaction plant
$4,000
Asset Report
Gorgon LNG - upstream
The Gorgon project is a 15.6 mmtpa LNG development off the northwest coast of Australia, operated by Chevron.
$5,750
Asset Report
Gorgon LNG - commercial overview
The Gorgon project is a 15.6 mmtpa LNG development off the northwest coast of Australia, operated by Chevron.
$2,250
