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Who owns the Gorgon project?

Who owns the Gorgon project?

Chevron
The Chevron-operated Gorgon Project is a joint venture of the Australian subsidiaries of Chevron (47.3 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and JERA (0.417 percent).

Who built Gorgon LNG?

The Gorgon project was developed by a joint venture comprising Australian subsidiaries of Chevron, ExxonMobil and Royal Dutch Shell (Shell), as well a three Japanese companies; Osaka Gas, Tokyo Gas and Chubu Electric Power. Chevron Australia, with approximately a 47.3% share, is the operator of the project.

How many trains at Gorgon?

Located on Barrow Island – a Class A Nature Reserve – Gorgon comprises a three-train, 15.6 million tonnes per annum LNG facility and a domestic gas plant with the capacity to supply 300 terajoules of gas per day to Western Australia.

How much did the Gorgon project cost?

The Gorgon project was to cost US$37 billion when approved in 2009, with the first LNG planned for 2014. The most recent cost estimate, four years ago, indicated a 46 per cent overrun to $US54 billion. Gorgon started exporting LNG in March 2016.

What is a liquefaction train?

A series of heat exchangers that gradually reduce the temperature of natural gas to -160°C. The liquefied gas can be transported by an LNG carrier.

Where does gas come from in Australia?

Natural gas is extracted from natural underground reservoirs. We work with your energy supplier to transport natural gas to your home or business, through a network of over 23,000km of underground pipelines. The gas reaches your home or business, ready for you to use.

What do they do on Barrow Island?

Barrow Island, 100km off WA’s Pilbara coast, has since 1910 been listed as an A-Class reserve, among the most protected type of land anywhere. It is also home to Australia’s largest gas project, Gorgon, being built by American company Chevron. Eden The Chevron ran Gorgan Gas Project on Barrow Island.

Who killed Stheno?

Stheno and Euryale are rarely found in Greek mythology outside of the story of their sister. The three lived together on an island, where the hero Perseus was sent. Perseus, with the help of the gods, killed Medusa while her sisters were sleeping.

What role does water play in liquefaction?

Liquefaction occurs when water fills the spaces between individual soil particles and repeated shaking like an earthquake occurs. The water exerts pressure on the soil particles and changes how tightly the soil particles are able to pack together.

Why is it called LNG train?

An LNG train is a liquefied natural gas plant’s liquefaction and purification facility. Since these would block the cryogenic section of the plant, the gas must be purified before it can be liquified. Each LNG plant consists of one or more trains to convert natural gas into liquefied natural gas.

What do they call gas in Australia?

In most Commonwealth countries, the product is called “petrol”, rather than “gasoline”.

How much does gasoline cost in Australia?

Australia Gasoline prices, 06-Sep-2021

Australia Gasoline prices Litre Gallon
AUD 1.506 5.701
USD 1.094 4.141
EUR 0.930 3.520

Who are the partners in the Gorgon Project?

The Gorgon Project is operated by Chevron Australia and is a joint venture of the Australian subsidiaries of Chevron (47.3 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and JERA (0.417 percent).

Who are the owners of the Gorgon LNG project?

The Gorgon LNG project expansion is expected to be completed in 2023. Chevron holds owns a controlling 47.3% interest in the project, while ExxonMobil and Shell hold 25% stake each. The remaining interests are held by Osaka Gas (1.25%), Tokyo Gas (1%), and JERA (0.417%).

How much equity does Chevron have in Gorgon Project?

In addition, Osaka Gas has acquired 1.25 percent equity interest in the Gorgon Project, Tokyo Gas has acquired 1.0 percent equity interest and JERA has acquired 0.417 percent equity interest.

How does the Gorgon carbon dioxide injection project affect the environment?

Once fully operational, the carbon dioxide injection facility will reduce Gorgon’s greenhouse gas emissions by about 40 percent, or more than 100 million tonnes over the life of the injection project. The Gorgon facility incorporates many leading design features aimed at maximising energy efficiency and minimising greenhouse gas emissions.