🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Australia's Gorgon LNG plant to restart within 30-60 days -Chevron

Published 06/04/2016, 01:05 pm
Updated 06/04/2016, 01:10 pm
© Reuters.  Australia's Gorgon LNG plant to restart within 30-60 days -Chevron
CVX
-
NG
-

SINGAPORE, April 6 (Reuters) - Australia's Gorgon liquefied natural gas (LNG) export terminal is expected to resume production within 30 to 60 days after the facility halted output earlier this month due to mechanical problems, operator Chevron (NYSE:CVX) CVX.N said on Wednesday.

"A restart of the plant within 30-60 days is estimated at this time," the company said in a statement.

Production at the Gorgon Project on Barrow Island off the northwest coast of Western Australia was temporarily halted due to mechanical issues with the propane refrigerant circuit at the plant site. The unit helps cool natural gas to a liquid state for transport on tankers. 1 ramp-up to full capacity is still expected to occur over 6 to 8 months from initial start-up (in March) of the facility. Meanwhile, construction activities continue to progress on LNG Trains 2 and 3 with timing not affected by the work on Train 1," the company said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.