$1.98 billion chapter to ‘world-class’ gas story coming up next off Australia

Chevron Australia, a subsidiary of the U.S. oil and gas giant Chevron, has decided to move forward with the third stage of development for its giant gas project off the northwest coast of Western Australia (WA) to support long-term local and regional energy security.

While disclosing a final investment decision (FID) on the Gorgon Stage 3 development, Chevron explains that the A$3 billion ($1.98 billion) backfill development will connect the offshore Geryon and Eurytion natural gas fields in the Greater Gorgon Area to the existing subsea gas gathering infrastructure and processing facilities on Barrow Island.

Balaji Krishnamurthy, Chevron Australia’s President, said the development would maintain production at Gorgon, enabling the long-term supply of domestic gas for WA households and industry, and liquefied natural gas (LNG) for international customers in Asia.

Krishnamurthy underlined: “Gorgon is a world-class energy asset which plays a crucial role in supporting the economic development and energy security of millions of people in Australia and across the Asia Pacific region.

“With the development of the Geryon and Eurytion fields – to join