Australia's Gorgon LNG Project Nearly 75% Complete, Costs Increase

PERTH, AUSTRALIA--December 20, 2013--Researched by Industrial Info Resources (Perth, Australia)--The Gorgon LNG project, which is operated by Chevron Australia Pty Limited (NYSE:CVX) (Perth), is almost 75% complete. Chevron recently raised the cost estimate of the project by $2 billion and says that it now expects to complete construction by the start of 2015, with its first liquefied natural gas (LNG) to reach the market by mid-2015.