
Chevron Corp said it sold more than 80 per cent of the gas from its Wheatstone project in Western Australia after signing a deal with Tohoku Electric Power Co. The Japanese electricity supplier will buy as much as one million tonnes of liquefied natural gas (LNG) per year under a 20-year agreement, Roy Krzywosinski, managing director of Chevron's Australian unit, said. Wheatstone is off to a "flying start," Krzywosinski said. "The Asian LNG market is certainly growing and we continue to see demand." Chevron decided in September to go ahead with the A$29 billion (Dh106 billion) Wheatstone project, with the first shipment beginning in 2016. The venture, along with the company's Gorgon project, are among seven LNG developments going ahead in the country to meet rising Asian demand. California-based Chevron said Gorgon and Wheatstone are at the centre of its global expansion plans. Thirteen out of 14 wells drilled in Australia since 2009 have been successful, adding resources to underpin potential LNG plant expansions, Chevron said in March. From: Gulfnews
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor