(MENAFN) Australian Chevron Gorgon LNG project, the most expensive globally at USD54 billion, is set up for producing its first output of LNG into an already concentrated market, Gulf Times reported.
Several Japanese clients have contended that they are probably not going to purchase the test shipments of LNG. This would mark another hit for the project which was already affected by excessive costs and global competition.
"If there's spot supply that's cheaper than Chevron's offer price, then we'll not take from Chevron," an official, who insisted to stay anonymous and with knowledge of the matter, said in a statement.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.