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Chevron Delays Gorgon LNG Development Approval, Age Reports


By Ben Sharples

July 24 (Bloomberg) — Chevron Corp. and its partners have delayed a development decision for the A$50 billion ($41 billion) Gorgon liquefied natural gas venture until September, the Age newspaper reported.

Development approval was expected on Aug. 31, the newspaper said, without citing anyone. Chevron and its partners, which include Exxon Mobil Corp. and Royal Dutch Shell Plc, have delayed the go-ahead until Sept. 14, the newspaper reported without saying where it got the information.

State Premier Colin Barnett made the A$50 billion estimate of Gorgon’s construction costs in March, a figure that would make it the country’s biggest resources project. The venture has yet to release its own projection.

—Editor: Victoria Batchelor

To contact the reporter on this story: Ben Sharples in Melbourne at [email protected]

Last Updated: July 23, 2009 18:05 EDT

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