Hot weather has caused production cuts at Chevron’s Gorgon LNG plant on Australia’s Barrow Island.
The United States-based oil and gas major told project participants last month that expected production for the lifting year from April 2018 would be 14.6 mt – around 1 mt, or 13%, less than Gorgon’s nameplate capacity, The West Australian reported.
The output cut is worth almost $500 million at the $9.10/GJ price the Office of the Chief Economist forecast Australian LNG will average in 2018-2019, the newspaper stated.
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