U.S. firm Chevron has announced that started producing liquefied natural gas (LNG) from the Wheatstone Project in Western Australia and that the first cargo is set to leave in the coming weeks.
"First LNG production is a significant milestone. Wheatstone adds to our legacy gas position in Australia that will be a significant cash generator for decades to come," said Chevron Chairman and CEO John Watson
At full capacity, the Wheatstone Project’s two train LNG facility will supply 8.9 million metric tons per year of LNG for export to customers in Asia. The LNG facility is located 12 km west of Onslow and processes natural gas from the Chevron-operated Wheatstone and Iago fields.
The Chevron-operated Wheatstone LNG facility is a joint venture between Australian subsidiaries of Chevron (64.14 per cent), Kuwait Foreign Petroleum Exploration Company (KUFPEC) (13.4 per cent), Woodside Petroleum Limited (13 per cent), and Kyushu Electric Power Company (1.46 per cent), together with PE Wheatstone Pty Ltd, part owned by JERA (8 per cent). Chevron holds an 80.2 per cent interest in the offshore licenses containing the Wheatstone and Iago fields.