The commissioning cargo at Chevron’s Gorgon LNG, which started up last year. (Chevron)
Debottlenecking existing projects is an inexpensive way of expanding LNG output and could help to avoid a tightening of the market in the early 2020s, according to a number of executives from IOCs.
Mike Wirth, vice chairman of Chevron, told delegates at the Gastech conference in Tokyo earlier this month his company would focus on cutting costs and expanding production at its new LNG plants.
“We are looking for ways to add small amounts of capacity at the same time as bringing the operating cost of our plants down,” Wirth said.
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