Chevron Targets 25MM Tons/Year Capacity at Wheatstone

Wheatstone LNG Project
(Click to Enlarge)

SYDNEY(Dow Jones Newswires), July 26, 2010

Chevron said Monday that its proposed Wheatstone liquefied natural gas plant in Western Australia state will have a maximum annual production capacity of 25 million metric tons.

Developing the project at such a scale near the port of Onslow on the Pilbara coast would reduce the need for future expansions by the company, and also "lessens the need for future LNG-related developments" nearby, Chevron said in a statement to regulators on the environmental impact of the Wheatstone project.

The Wheatstone project also includes a plant with a capacity of 625 million cubic feet of natural gas a day that will supply the domestic market, Chevron said.

That's equivalent to around 15% of the project's LNG sales.

Chevron said it remains on track to make a final investment decision on the Wheatstone project in the second half of 2011.

Copyright (c) 2010 Dow Jones & Company, Inc.


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