Wheatstone readies entry into uncertain LNG market

By Sally Bogle 27 July 2017
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The site of the Wheatstone LNG project. (Chevron) The site of the Wheatstone LNG project. (Chevron)

Chevron’s $34 billion Wheatstone project is preparing to ship its first LNG next month, but the venture is unlikely to reap the revenues originally anticipated, analysts say.

Ben Tsocanos, director at Standard & Poor’s, believes the long-term cash contribution from Chevron’s two major Aussie LNG projects – Gorgon and Wheatstone – now looks far less rosy than when the projects went to FID. 

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