Chevron has started production of liquefied natural gas (LNG) and condensate at its $54bn Gorgon project on Barrow Island off the north-west coast of Western Australia.
The company expects to ship first cargo of LNG next week.
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Chevron chairman and CEO John Watson said: "We expect legacy assets such as Gorgon will drive long-term growth and create shareholder value for decades to come.
"The long-term fundamentals for LNG are attractive, particularly in the Asia-Pacific region, and this is a significant milestone for all involved."
Gas for the Chevron-operated project comes from the Gorgon and Jansz-Io gas fields located between 130km and 220km off the north-west coast of Western Australia.
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The project includes a 15.6Mtpa LNG plant on Barrow Island, a carbon dioxide injection project, as well as a domestic gas plant with the capacity to supply 300 terajoules of gas per day to Western Australia.
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By GlobalDataIt will have three production trains with the capacity to produce 15.6 million tonnes of LNG per annum.
The Gorgon project is a joint venture between the Australian subsidiaries of Chevron (47.3%), ExxonMobil (25%), Shell (25%), Osaka Gas (1.25%), Tokyo Gas (1%) and Chubu Electric Power (0.417%).
More than 80% of the company’s Australian subsidiaries’ equity LNG from the Gorgon and Wheatstone projects is covered by sales and purchase agreements.
Image: The Gorgon project gets gas from the Gorgon and Jansz-Io gas fields. Photo: courtesy of Chevron Corporation.
