Chevron is thought to be continuing to move ahead with both the Gorgon and Wheatstone LNG projects in Australia, with a planned combined capacity of around 25 million tonnes per year.
Chevron and its partners (ExxonMobil and Shell) are spending $650m on Gorgon front-end engineering design (FEED) this year, with 1,200 people working on the project. Much of the output is already contracted.
Now, Chevron is reported to have said at its analyst briefing in early March that good progress has been made with both LNG projects.
The company is quoted as saying, $quot;We've made substantial progress on both Gorgon and Wheatstone in the past 12 months. We expect Gorgon to be sanctioned during the second half of 2009, and Wheatstone is advancing toward front-end engineering and design later this year.$quot;
Chevron has also selected a site and has completed a successful exploration and appraisal program on the Wheatstone and Iago fields, confirming that its Plan B fields have sufficient gas resources to support a two-train LNG project plus a domestic gas project.