Chevron Corporation Plans to Develop Wheatstone LNG Production & Export Project in Australia

SUGAR LAND--December 19, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Chevron Corporation (NYSE:CVX) (San Ramon, California) is in the early evaluation phase of constructing a new LNG production and export facility on the west coast of Australia. The proposed Wheatstone LNG project will have an initial production capacity of 10 million-15 million metric tons per year of LNG and is the third major LNG production venture of Chevron in Australia.