The first shipment of liquefied natural gas from Chevron Corp.’s massive $54 billion, offshore Australia complex is headed for Japan.
The shipment marks a key milestone for the Gorgon Project, which Chevron operates. The Australian subsidiaries of Chevron own 47.3 percent of Gorgon; ExxonMobil and Shell each own 25 percent; Osaka Gas, 1.25 percent; Tokyo Gas, 1 percent; and Chubu Electric Power, 0.417 percent.
Chubu will receive the first Gorgon LNG shipment.
Gorgon is one of the largest natural gas projects in the world and the largest in Australia’s history. At full capacity, Gorgon will be able to produce more than 17
million tons of LNG a year, as well as enough natural gas to generate the electricity needed to power 2.5 million homes in Australia.
By contrast, at full capacity Cheniere Energy’s Sabine Pass terminal in Cameron Parish will be able to export around 5 million tons of LNG a year.