$40bn Gorgon LNG project eases Ashes pain for Oz
Some facts about Australia's biggest ever energy project
Okay I admit it. As an avid England cricket fan I just wanted to mention our fantastic victory over Australia in the recent Ashes series in a blog headline and luckily for me the recent announcement regarding the massive US$41.85 billion Gorgon LNG project has given me reason to talk about our friends Down Under and give you some facts courtesy of our friends at Reuters.
1. The Greater Gorgon gas fields are located between 130 km and 200 km off the north-west coast of Western Australia and contain resources of around 40 trillion cubic feet of gas, the largest known gas reserves in Australia.
2. The project will be be the largest energy project to be undertaken in the country.
3. The join venture partners, Chevron (50%), ExxonMobil (25%) and Royal Dutch Shell (25%) are marketing the gas separately.
4. The joint venture partners plan on making the final investment decision for the project by the end of 2009.
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