Chevron Sign $15 Billion Deal to Supply LNG to Tohoku Electric Power Company
With
the expansion of Asian economies, and especially as a result of Japan
shutting down its nuclear industry, demand for fossil fuels is high in
the East.The $29 billion Wheatstone natural gas project just off the
coast of Western Australia is perfectly positioned to take advantage of
this high demand. The project, owned by Chevron Australia (72.14%),
Apache Corporation (13%), Kuwait Foreign Petroleum Exploration Company
(7%), Royal Dutch Shell (6.4%), and Kyushu Electric (1.46%), consists of
a domestic gas plant and two liquefied…Read more...
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