Wheatstone latest LNG project to face delays
Construction work at Wheatstone. Project startup faces a six-month delay. (Chevron)
Chevron’s announcement last week of a six-month delay to the startup of Wheatstone LNG, with first exports now scheduled for mid-2017, adds to the growing list of Australian LNG projects that have faced timing issues and cost blowouts.
With exporters struggling to balance sliding commodity prices against a global surfeit of gas, the delay could have the advantage of buying time for prices and demand to rebound – although this may not be a conscious strategy.