(EnergyAsia, August 28, Friday) — Chevron Australia Pty Ltd has welcomed what it calls the timely approval of the Gorgon natural gas project’s revised and expanded scope by Australia’s Environment Minister, Peter Garrett.
PetroChina and India’s Petronet have committed to buy a total of A$60 billion worth of liquefied natural gas from the Chevron-operated Gorgon project.
The Gorgon project is operated by the Australian subsidiary of Chevron (50%) in joint venture with Australian subsidiaries of ExxonMobil (25%) and Shell (25%). The project’s scope includes three five-million-tonne LNG trains, one of the world’s largest carbon dioxide injection projects, and a domestic gas plant.
Chevron Australia managing director, Roy Krzywosinski, said: “We appreciate the support shown by the Federal and state governments as we move the Gorgon project towards a final investment decision. The project has been deliberately sited to avoid areas of particular conservation significance and the three-train Gorgon project will have minimal additional environmental impact when compared to the already-approved two-train project.
“The Gorgon project is globally and nationally significant with a resource base of more than 40 trillion cubic feet of gas and an estimated economic life of at least 40 years from the time of start-up.
“(It) is Australia’s largest single resource project and is set to deliver significant economic benefits and create around 10,000 indirect and direct jobs during peak construction.”
Chevron is one of the world’s leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 50 years. With more than 1,400 staff, Chevron Australia leads the development of the Gorgon and Wheatstone natural gas projects, manages its equal one-sixth interest in the North West Shelf Venture, and operates Australia’s largest onshore oilfield on Barrow Island and the Thevenard Island oilfields. The company is also a participant in the Browse liquefied natural gas development and is a significant investor in exploration offshore northwest Australia, one of Chevron’s four global focus areas for exploration.
In addition, Chevron’s Perth-based Global Technology Centre provides technology support and solutions to the company’s operations in Australia and around the world.