GORGON LNG PROJECT
Project value $43 Bn
Project owner Chevron
Project management Chevron 47% Exxon Mobil 25% Shell 25% Osaka Gas 1.25% Tokyo Gas 1% Chubu Power Company 0.417%
Construction Period Final Investment Decision Granted Sept 2009 Expected First Gas 2014
Predicted employment numbers 10,000 Jobs at peak construction
Project Status Construction Phase Upstream & Down Stream. Ongoing continued work on the construction phase both Upstream & Down Stream to ensure first gas 2014
The Gorgon project is Australia’s largest single natural gas project. This project plans to develop the Greater Gorgon gas fields, located approximately 130km off North West WA. The Greater Gorgon gas fields contain resources of about 40 trillion cubic feet of gas, Australia’s largest known gas resource with an estimated development life of 60 years.
Gorgon will create a vast number of direct and indirect jobs approximately 10,000 throughout Western Australia from Freemantle to Barrow Island. The project has already committed more than $10 billion to Australian industry and is expected to spend a further $20 billion on Australian good and services over the next 4 to 5 years all this helping to boost the local economy.
Gas will be processed at a state of the art onshore facility located on Barrow Island 56km off the north west coast of WA. The gas plant on the island will include 3 LNG Trains capable of producing 15 million tonnes Per annum. A purpose built LNG loading jetty will also be constructed and see approximately three LNG shipments leave the island each week.
The project will also have a domestic gas phase which will produce up to 300 terajoules per day this being a major component of the foundation project. This gas will be transported via a domestic gas pipeline which will run from Barrow Island to a tie in with the Dampier to Bunbury natural gas pipeline.
This project had to go through a rigorous environmental assessment before receiving final development approval, with unique fauna on Barrow Island and nearby coral to be protected under certain provisions.
The joint venture partners on the project will also spend in excess of $2 billion on reducing carbon emissions from the gas operations, which will see carbon dioxide injected into a reservoir 2000 metres below Barrow Island. Supply deals worth billions have already been signed with companies in China, India, Japan and South Korea.