Chevron Gets Australian Govt's Nod for Gorgon Development

Chevron Australia has welcomed the timely approval of the Chevron-operated Gorgon Project's revised and expanded scope by the Federal Environment Minister, the Hon. Peter Garrett AM MP.

Chevron Australia Managing Director, Roy Krzywosinski, noted the importance of the Federal Government's announcement: "We appreciate the support shown by the Federal and State Governments as we move the Gorgon Project towards a final investment decision.

"The Gorgon Project has been deliberately sited to avoid areas of particular conservation significance and the three-train Gorgon Project will have minimal additional environmental impact when compared to the already-approved two-train Project."

Krzywosinski added, "The Gorgon Project is globally and nationally significant with a resource base of more than 40 trillion cubic feet of gas and an estimated economic life of at least 40 years from the time of start-up.

"Furthermore, the Gorgon Project is Australia's largest single resource project and is set to deliver significant economic benefits and create around 10,000 indirect and direct jobs during peak construction," said Krzywosinski.

The Gorgon Project is operated by the Australian subsidiary of Chevron (50%) in joint venture with Australian subsidiaries of ExxonMobil (25%) and Shell (25%). The project's scope includes three, five million tonne per annum LNG trains; one of the world's largest carbon dioxide injection projects; and a domestic gas plant.