March 2016, Vol. 243, No. 3

In The News

Chevron and ENN Sign Gorgon LNG Agreement

Chevron’s Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for delivery of LNG to China from the Chevron-operated Gorgon natural gas project in Australia. When the deal is finalized, ENN is expected to receive up to 0.5 million metric tons per annum (mtpa) of LNG over 10 years, with deliveries starting in 2018 or the first half of 2019. The Gorgon Project combines the development of the Gorgon Field and the nearby Jansz-Io Field. Facilities being built on Barrow Island include an LNG facility with three processing units capable of producing 15.6 mtpa of LNG, a carbon dioxide injection project and a domestic gas plant. Che

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