Chevron-operated Gorgon project secures $2 billion investment nod
Chevron's Australian unit announced a $2 billion investment in the Gorgon Stage 3 development off Western Australia's coast. The project, a joint venture with Exxon Mobil, Shell, Osaka Gas, JERA, and MidOcean, aims to connect offshore gas fields to existing infrastructure, ensuring long-term gas supply for Western Australia and LNG for Asia. Gorgon can produce 300 terajoules of gas daily for the local market and 15.6 million tonnes of LNG annually.