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RPT-Chevron's Gorgon start-up to hurry along Asian spot LNG trade

2016-03-09 06:20:47| Oil & Gas - Topix.net

Chevron has started up its massive Gorgon LNG project in Australia and will soon be shipping more of the super-chilled fuel into an oversupplied market, eroding producer revenues but also likely hastening the advent of a liquid Asian spot market. The $54 billion project, seen by many as symbolic of the era when high prices funded mega-projects of ever-increasing size, started production this week and may be the last piece required to establish a truly global natural gas market.

Tags: trade spot asian startup

Category:Energy and Environment

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