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The Australian Financial Review: Gorgon

Gorgon looking good as gas goes global
The Australian Financial Review (abstracts); May 19, 2006

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Gorgon stakeholders Chevron Australia, Shell and Exxon Mobil have signed a number of preconstruction sales commitments for their liquefied natural gas venture, due to the changed fundamentals of the global LNG market.

Demand from China is booming, while Japan is re-emerging as a leading global energy player. Political instability in the Middle East has made buyers wary of relying too much on the region's top LNG producers.

A final investment decision on the Gorgon LNG project will be made over the next few months.

Abstracted from: The Australian Financial Review

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