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Chevron Slows Production at LNG Project in Australia Just Days After Reopening
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Chevron Slows Production at LNG Project in Australia Just Days After Reopening
Jun 3, 2024 2:57 PM

05:41 PM EDT, 06/03/2024 (MT Newswires) -- Chevron ( CVX ) idled production on a unit of its Gorgon liquified natural gas plant in western Australia, only days after reopening it last week following an extended shutdown for repairs, Bloomberg reported Monday, citing people familiar with the situation.

The report did not specify the reason for shut down at the export facility. The company had just resumed normal operations at Gorgon on Friday after needing most of May to complete mechanical repairs on a turbine, according to prior reports.

Chevron ( CVX ) is the operator and owns 47.3% of the Gorgon project, with ExxonMobil (XOM) and Shell (SHEL) each holding 25% stakes and Japanese interests, including Osaka Gas and Tokyo Gas owning the remaining 2.7%.

Chevron ( CVX ) did not immediately respond to a request from MT Newswires seeking more information.

Price: 157.00, Change: -0.46, Percent Change: -0.29

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