New gas find could boost Gorgon

A new gas discovery offshore in Western Australia could be a new supply of gas for the massive Gorgon gas project on Barrow Island. Chevron Australia managing director Roy Krzywosinski welcomed the new discovery. The gas find is in the Yellowglen-1 exploration well around 250 kilometres north-west of Onslow.

Chevron Signs Gorgon Gas Deal With Nippon Oil

Chevron has signed a 15-year deal to sell Nippon Oil Corp 4.5 million tons of liquefied natural gas from its Gorgon project in Western Australia. The agreement is to deliver 0.3 million tons a year of LNG to Nippon Oil.

"We are working hard to deliver LNG from the Gorgon Project safely, reliably and in an environmentally responsible manner to our customers in Japan and Korea," said Roy Krzywosinski, Chevron's Australian head.

Chubu of Japan to buy part of Gorgon LNG project

Japanese utility Chubu Electric Power Co is to 0.417% of Australia's Gorgon LNG project from U.S. oil giant Chevron. The stake is said to be worth around $170 million.

Chubu also said it would buy 1.44 million tonnes of LNG per year from the project's operator Chevron for 25 years from 2014.