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[Oil and Energy Investor with Dr. Kent Moors]
[Oil and Energy Investor with Dr. Kent Moors]
Wednesday, February 26, 2020
[Some Strange and Wonderful Renewable Developments Are Underway in This Tiny Australian Town](
By Dr. Kent Moors
Around twelve years ago, I found myself advising on what was then the largest liquefied natural gas (LNG) development project outside the gargantuan Qatari supply in the Persian Gulf.
This was the Chevron Corp. (NYSE:[CVX]()-led Gorgon project on the North West Shelf of Australia. The work was some 1,390 kilometers (860 miles) up the coast from Perth in an area that was sparsely populated, to put it mildly.
The beauty of Gorgon was two-fold: It pioneered a strikingly new underwater natural gas harvesting and delivery system, to supplement a series of large onshore fields also included in Gorgon), and it piped the gas to a series of LNG production trains located on Barrow Island off of the coast. That allowed easier access to tankers and less interference with onshore non-gas activities.
Some 75% of production was earmarked for export, with the bulk going to Asia. However, Gorgon is not the only gas/LNG project in the Australian northwest. In fact, LNG production has become a major element in the country's aggregate energy picture, as highlighted by a number of large projects in the crescent from northwest to northeast Australia.
One of these other developments is Wheatstone, sharing a common area with Gorgon, also a Chevron project, and likewise extending the use of offshore locations for gas extraction and LNG processing.
Source: EIC
[The addition of Wheatstone fundamentally altered how the entire area was to be developed. And herein lies the interesting development I want to talk about today.](
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