Pipe Dream Chevron Woodside Vie To Shape Australias Lng Sector

33

MELBOURNE – After spending a decade and billions of dollars developing Australia’s vast gas reserves, U.S. energy giant Chevron Corp and local firm Woodside Petroleum are at odds over the pace and timing of the next leg of expansion.

Shipments of liquefied natural gas (LNG) have become one of Australia’s biggest exports and a key source of revenue for many energy majors, so any hurdles in the sector’s development could strike a substantial blow.

The issue comes down to how quickly to build a shared infrastructure system that would include a major trunk pipeline for transporting gas from mammoth new offshore fields owned by various companies in northwest Australia.




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.