Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

UPDATE 1-Chevron delays restart of Gorgon LNG unit to Oct for extra repairs

Published 03/09/2020, 04:58 pm
Updated 03/09/2020, 05:00 pm
© Reuters.
CVX
-
NG
-

* Train 2 down since May, restart now due in Oct

* Train 1 due to shut in Oct, Train 3 in Jan 2021

* Chevron says still meeting customer commitments (Adds Chevron comments, background)

By Sonali Paul

MELBOURNE, Sept 3 (Reuters) - Chevron Corp (NYSE:CVX) CVX.N said on Thursday it would delay till October the restart of the Train 2 unit at its Gorgon liquefied natural gas (LNG) plant in Western Australia, as more time was needed to repair welds on its propane heat exchangers.

Train 2 at Australia's second-largest LNG plant has been shut since May for maintenance, which was extended after cracks were found in the production unit's propane kettles. The company had hoped to complete the repairs by early September.

"Chevron expects the repairs to the heat exchangers, where weld quality issues were discovered during scheduled maintenance in July 2020, to be complete and to restart production at Train 2 next month," the company said in a statement on Thursday.

The company said it would continue to meet its contractual obligations to provide gas to the Western Australian domestic market and LNG through the prolonged shutdown.

Cracks up to 1 metre long and 30 millimetres deep were found on between eight and 11 kettles on Train 2, the Australian Manufacturing Workers Union said in July, calling for an immediate shutdown of the whole plant for safety inspections. Australia's industrial regulator agreed last month to allow Chevron to shut the remaining two Gorgon trains for inspection and repairs in stages -- with Train 1 to be shut in October and Train 3 in January. by Jacqueline Wong)

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

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.