Directional impact on forecast:
Bearish on spot LNG prices
The final train at Australia’s Gorgon LNG project is set to start operations ahead of schedule. Despite temporary outages at the first two trains – the most recent of which was at Train 2 in February – the commissioning phase at the 5.2 mtpa Train 3 progressed well, enabling an early start date.
Though it was previously scheduled to start up in Q2, Chevron has announced that Train 3 will begin operations before the end of...