Chevron Ships First Gorgon LNG Cargo to Japan's Chubu Electric Power



Chevron Corporation announced Sunday that its first shipment of liquefied natural gas (LNG) from the Gorgon Project has departed Barrow Island off the northwest coast of Western Australia. The cargo will be delivered to one of Chevron’s foundation buyers, Chubu Electric Power, for delivery into Japan.

“Departure of the first cargo from the Gorgon Project is a key milestone in our commitment to be a reliable LNG provider for customers across the Asia-Pacific region,” said Mike Wirth, executive vice president, Chevron Midstream and Development. “This is also important for our investors as we begin to generate revenue from a project we expect will operate for decades to come.”

LNG is an essential fuel for power generation across Asia and natural gas is among the fastest growing segments of Chevron’s energy portfolio. Chevron’s Australian projects are well located to supply natural gas for the region and more than 80 percent of Chevron’s Australian subsidiaries’ equity LNG from the Gorgon and Wheatstone projects is covered by sales and purchase agreements and heads of agreements with customers in the Asia-Pacific region.

The LNG cargo will be delivered by the Asia Excellence, one of Chevron's new state-of-the-art LNG carriers. To support Chevron’s growing position as a leading LNG supplier, Chevron Shipping Company is in the final stages of its largest shipbuilding and fleet modernization program in recent history, which includes the addition of six new LNG carriers to its operated fleet.

The Gorgon Project is supplied from the Gorgon and Jansz-Io gas fields, located within the Greater Gorgon area, between 80 miles (130 kilometers) and 136 miles (220 kilometers) off the northwest coast of Western Australia. It includes a 15.6 million tons per annum (Mtpa) LNG plant on Barrow Island, a carbon dioxide injection project and a domestic gas plant with the capacity to supply 300 terajoules of gas per day to Western Australia.

The Chevron-operated Gorgon Project is a joint venture between the Australian subsidiaries of Chevron (47.3 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and Chubu Electric Power (0.417 percent).



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES
Company: Exxon Mobil Corporation more info
Operates 14 Offshore Rigs
 - Guyana-Suriname Basin Emerges as a Hotbed of Oil, Gas Exploration (Nov 17)
 - Hoegh LNG: Pakistan LNG Import Project Consortium Folds (Nov 16)
 - Buying Texas Oil at New Mexico Prices: Majors Go West for Shale (Nov 14)
Company: Chevron Corporation more info
 - Buying Texas Oil at New Mexico Prices: Majors Go West for Shale (Nov 14)
 - Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site (Nov 13)
 - Chevron Canada Okays Duvernay Development (Nov 07)
Company: Tokyo Gas more info
 - Tokyo Gas Gets Bangladesh LNG Terminal Feasibility Study Contract (Jul 27)
 - PetroVietnam Gas, Tokyo Gas May Establish LNG JV in Vietnam (Jul 11)
 - Tokyo Gas Buys Eagle Ford Shale Stake, Despite Loss from Prior US Purchase (Jun 21)
Company: Osaka Gas more info
 - Japan's Osaka Gas Plans Resales Of 3 Million Tonnes Of LNG By 2020 (Nov 01)
 - Indonesia's Small-Scale LNG Plans Face Several Challenges (Apr 15)
 - Chevron Sees Australia's Gorgon Project Train 1 Restarting in 30-60 Days (Apr 06)
Company: Chubu Electric Power Co. more info
 - Chevron Sees Australia's Gorgon Project Train 1 Restarting in 30-60 Days (Apr 06)
 - Chevron Ships First Gorgon LNG Cargo to Japan's Chubu Electric Power (Mar 21)
 - Japan's Chubu, Mitsui in Energy Tie-ups With India Firms (Jan 24)
Company: Royal Dutch Shell plc more info
 - Sources: Two Alberta Oil Sands Upgraders Warn Customers Of Volume Cuts (Nov 20)
 - Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield (Nov 20)
 - About 75,000 Bpd Of Gulf Oil Output Still Shut After Shell Fire (Nov 15)