media statement LNG Production Starts from Gorgon Train Three
Key milestone continues delivery of significant economic benefits
PERTH, Western Australia, March 28, 2017 – Chevron Australia today announced the start of liquefied natural gas (LNG) production from the third train at the Chevron-led Gorgon Project on Barrow Island off the northwest coast of Western Australia.
Chevron Australia managing director Nigel Hearne said Gorgon is delivering an important new source of energy for customers in Western Australia and across the Asia-Pacific region as well as contributing to significant levels of investment in the Australian economy.
“This is a key milestone for the Gorgon joint venture participants, our workforce, customers, government and all those associated with the project over its lifetime should be extremely proud. We are committed to being a safe and reliable supplier and look forward to supplying cleaner-burning natural gas for decades to come.
“Along with our partners, we are delighted with the significant economic benefits generated by the Gorgon Project” said Hearne.
- 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 JERA (0.417 percent).
- The Gorgon Project started first production on 9 March, 2016 with first LNG cargo sailing away on 21 March, 2016.
- The Gorgon Project is a three train, 15.6 million tonne per annum (MTPA) LNG plant on Barrow Island and a domestic gas plant with the capacity to supply 300 terajoules of gas per day to Western Australia.
- The Gorgon Project incorporates one of the world’s largest carbon dioxide injection projects aimed at reducing overall greenhouse gas emissions by approximately 40 percent or 3.6 MTPA.
Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. With the ingenuity and commitment of thousands of workers, Chevron Australia leads the development of the Gorgon and Wheatstone natural gas projects; manages its equal one-sixth interest in the North West Shelf Venture; operates Australia’s largest onshore oilfield on Barrow Island; a significant investor in exploration offshore Australia; and provides operational support to exploration assets operated by its affiliates in New Zealand.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Some of the items discussed in this press release are forward-looking statements about Chevron. Words such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,” “projects,” “believes,” “seeks,” “schedules,” “estimates,” “may,” “could,” “should,” “budgets,” “outlook,” “on schedule,” “on track,” and similar expressions are intended to identify such forward-looking statements. The statements are based upon management's current expectations, estimates and projections; are not guarantees of future performance; and are subject to certain risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are changes in prices of, demand for and supply of crude oil and natural gas; the company’s ability to realize anticipated cost savings and expenditure reductions; actions of competitors; the inability or failure of the company's joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company's business, net production or manufacturing facilities or delivery/transportation networks due to war, accidents, political events, civil unrest, severe weather, cyber threats and terrorist acts; other natural or human factors; government-mandated sales, divestitures, recapitalizations, industry-specific taxes and changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; and general economic and political conditions. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.