Chevron Australia Pty Ltd, a subsidiary of Chevron Corporation has announced first gas from the North West Shelf Venture’s Train 5 onshore LNG facility at its Karratha Plant in Western Australia.
The new Train 5 facility is expected to increase the joint venture’s export capacity by up to 4.4 million tonnes of LNG annually, to 16.3 million tonnes, and demonstrates Chevron’s commitment to growing its presence in global LNG markets.
Jim Blackwell, President of Chevron’s Asia Pacific Exploration and Production Company, said, “The North West Shelf Project is one of the largest in the world. The addition of a fifth LNG train demonstrates Chevron’s commitment to expanding its global natural gas business. LNG continues to be a major focus of Chevron’s gas commercialisation strategy. Over the next decade, we expect natural gas production to grow as a proportion of Chevron’s total production,” said Blackwell.
Managing Director of Chevron Australia, Roy Krzywosinski, added, “Chevron continues to make significant multi-million dollar investments to expand our Australian operations. We are proud to be a part of the North West Shelf Venture that has played an important role in providing clean and reliable energy to Western Australia and the Asia Pacific market for 20 years.”
As a country rich in natural resources, Australia has recently provided a stream of news related to various LNG projects. With promising growth rates expected in the South Pacific Rim (Australia especially), we can expect major future investment in this region, particularly regarding energy alternatives such as LNG, currently the world’s fastest growing fuel.
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