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Shell casts doubt on Chevron’s Gorgon gas field start date

Extract from a BusinessDay article by Angela Macdonald-Smith published 15 March 2014

Royal Dutch Shell has cast doubt on the start-up schedule for Chevron’s $US54 billion ($59.6 billion) Gorgon liquefied natural gas project in Western Australia, signalling it expects production to begin in 2016, at least six months after Chevron’s official start-up date.

Shell – which has a 25 per cent stake in the huge venture, Australia’s largest single resources investment – classified Gorgon in a presentation released overnight as a project starting up in ”2016-2018”. Only this week, Chevron restated its timing of mid-2015.

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