There is another shutdown at Gorgon LNG Project

The Gorgon LNG Project (image courtesy: Chevron)

The Gorgon LNG Project (image courtesy: Chevron)

In a news release reported by Reuters, Chevron has shut the first production line at its giant Gorgon LNG export plant in Australia for one month, according to the company’s expectations, in order to replace a faulty device.
This giant, $54 billion project in Australia has faced many productions shutdowns since the stream opening, one year ago.
Gorgon’s third production line started up in March 2017, bringing combined export capacity to 15.6 million tonnes. On a conference call in April, Stephen Green, Chevron Asia Pacific exploration and production president, said work was carried out to address a reliability issue identified on Gorgon’s first two production lines.
It is unclear if recurring production setbacks at Gorgon could hinder or delay Chevron’s plans to bolster the efficiency of the plant and to lift production capacity through a process known as debottlenecking.
Chevron said trains 2 and 3 were running normally and the plant is continuing to ship cargoes.
Chevron holds a controlling stake of 47.3% in the project, while ExxonMobil Corp. (NYSE: XOM) and Royal Dutch Shell Plc (NYSE: RDS.A) each have a 25% stake. The remaining stakes are held by Osaka Gas, Tokyo Gas and JERA.