Delays, Labor Issues Blamed for Spiraling Gorgon Project Costs

PERTH, AUSTRALIA--November 18, 2014--Researched by Industrial Info Resources Australia (Perth, Australia)--The massive cost blowout of Chevron's (NYSE:CVX) (San Ramon, California) Gorgon liquefied natural gas (LNG) project has received widespread global attention. Since the start of construction in 2009, the cost of Gorgon has ballooned from $37 billion to $54 billion, making it the world's most expensive LNG project.

Within this article: Overview of rising costs of the Gorgon LNG project by Chevron