Chevron announces first Wheatstone cargo

Australia

PERTH, October 31, 2017 – Chevron’s first LNG cargo produced at the Wheatstone project in Australia has departed for Japan, the super-major announced on Tuesday.

After several delays, the facility came on stream on October 9, 2017.

“The first shipment of LNG from the Wheatstone Project signifies our commitment to be a safe and reliable long-term supplier of cleaner-burning natural gas for our customers in the Asia-Pacific region,” Chevron Australia managing director Nigel Hearne said in a statement.

“The Wheatstone Project is Australia’s first third-party natural gas hub enabling future development of the vast natural gas resources offshore Western Australia. Through collaboration our goal is to efficiently develop and commercialise this resource.”

Once it reaches full capacity, Wheatstone is expected to account for around 6% of the Asia-Pacific region’s total LNG output, or 8.9 million tpy, the statement added. Chevron has a 64.1% operating share in the project, while partners KUFPEC, Woodside, PE Wheatstone and Kyushu Electric Power hold interests of 13.4%, 13%, 8% and 1.5%, respectively.