Who owns the Gorgon Project?
Chevron Australia
The Gorgon Project is operated by Chevron Australia and is a joint venture of the Australian subsidiaries of Chevron (47.3 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and JERA (0.417 percent).
How much did the Gorgon Project cost?
$US55 billion
Gorgon is one of the world’s largest LNG projects and the largest single resource project in Australia’s history at a total cost of $US55 billion.
What is the Gorgon Project in Western Australia?
The Gorgon gas project is a multi-decade natural gas project in Western Australia, involving the development of the Greater Gorgon gas fields, subsea gas-gathering infrastructure, and a liquefied natural gas (LNG) plant on Barrow Island. The project also includes a domestic gas component.
Where does gas come from in Australia?
Gas reserves Conventional natural gas in eastern Australia is currently produced in a number of fields in the Gippsland, Otway, Cooper, Bass and Surat-Bowen basins. Conventional natural gas is also produced from the Carnarvon and Perth basins in Western Australia and the Bonaparte basin in the Northern Territory.
Who supply gas to Australia?
Chevron markets and delivers natural gas into the Western Australian domestic gas market for industrial, commercial and household use. With equity in the Gorgon, Wheatstone and North West Shelf assets, Chevron is one of the major suppliers of domestic gas in the State.
What is the Gorgon gas project?
The Gorgon gas project is a natural gas project in Western Australia, involving the development of the Greater Gorgon gas fields, subsea gas-gathering infrastructure, and a liquefied natural gas (LNG) plant on Barrow Island. The project also includes a domestic gas component.
What is the Greater Gorgon gas field?
‘Greater Gorgon’ refers to a grouping of several gas fields, including Gorgon,gon, Chandon, Geryon, Orthrus, Maenad, Eurytion, Urania, Chrysaor, Dionysus, Jansz/Io, and West Tryal Rocks, situated in the Barrow sub-basin of the Carnarvon Basin.
How much will the Gorgon LNG project cost?
On the total investment of the Gorgon LNG project, media articles have reported analyst forecasts of estimated costs ranging from A$11 billion (in 2003), A$16 billion (2007), and A$50bn in March 2009 to A$43bn in Sept 2009 and A$53bn in 2015.
What does ExxonMobil’s agreement with Petronet LNG and PetroChina mean?
The agreement with Petronet LNG is for the supply of approximately 1.5 Mtpa of LNG over a 20-year term while the agreement with PetroChina is for the supply of approximately 2.25 Mtpa over a 20-year term. Together, these two sales and purchase agreements commit the ExxonMobil subsidiary’s share of LNG from the 15 Mtpa Gorgon LNG Project.