Gorgon LNG costs grow $2bn

摘要

The cost of the Gorgon LNG project on Barrow Island off Western Australia has blown out by another $2 billion. The timetable for the startup of the project has also slipped slightly, Chevron Vice Chairman George Kirkland revealed when unveiling Chevron's 2014 capital and exploration budget December 11. "In Australia, the Gorgon project has been under construction for four years and is almost 75% complete, Kirkland said. "The current estimate for the cost of the foundation project is $54 billion, with plant startup and first gas planned for mid-2015," he added.