Report: Chevron eyes Gorgon condensate sale

Report: Chevron eyes Gorgon condensate sale
Image courtesy of Chevron

Chevron could reportedly start selling condensate produced at the Gorgon gas field located some 65 kilometers off the west coast of Barrow Island in Australia.

The company could put a 600,000-650,000-barrel cargo on the market during this month with loading set for December, sources told Reuters.

Responding to an email by LNG World News seeking confirmation of the report, a Chevron spokesperson said the company does not comment on its operational/marketing activities.

The reported sale comes during the increased demand for condensate as new splitters in South Korea and Qatar started testing activities.

The Gorgon gas field, together with the Jansz-Io gas field, feeds the Chevron-operated LNG facility located on Barrow Island off the coast of Western Australia. Once fully commissioned, the facility will have the capacity to produce 15.6 million tons of LNG per year.

The project shipped its first LNG cargo in March but was then forced to shut down due to a mechanical issue in the propane refrigerant circuit on Train 1, resuming production during July.

The second liquefaction train is expected to ship its first cargo early in the fourth quarter this year with Train 3 expected to start producing in the second quarter of 2017.

The Gorgon LNG project is operated by Chevron that owns a 47.3 percent stake, while other shareholders are ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and Chubu Electric Power (0.417 percent).

 

LNG World News Staff

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