Chevron Australia and Nippon Oil sign agreement for LNG delivery

07 January 2010 10:16  [Source: ICIS news]

SINGAPORE (ICIS news)--Chevron Australia and Nippon Oil Corp have signed an agreement for the delivery of 300,000 tonnes/year of liquefied natural gas (LNG) for 15 years from the Gorgon Project in Western Australia, a statement from the US energy major said on Thursday.

Chevron Asia Pacific Exploration and Production (CAPEP) president Jim Blackwell said the agreement would help underpin the importance of the Gorgon Project to growing LNG markets.

"The agreement is another step towards commercialising our equity natural gas in Australia," he added.

PetroChina signed a $41bn (€28.6bn) deal to buy LNG from the Gorgon project in August 2009.

The Gorgon Project is a natural offshore gas project with estimated natural gas resources equivalent to 6.7bn bbl of oil.

The Chevron statement said that the initial development at the project would include a three-train, 15m tonne/year LNG unit and a domestic gas plant.

($1 = €0.69)

To discuss issues facing the chemical industry visit ICIS connect

By: Nurluqman Suratman

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly