Chevron Corp stated Friday it had signed an settlement to provide about 14 petajoules of pure gasoline over 5 years to Horizon Energy, an influence utility serving Western Australia.
The volumes will come from the stakes of the US power large in three initiatives in Western Australia: Gorgon and Wheatstone, each operated by Chevron, and North West Shelf. Deliveries are to begin 2027.
“The settlement with Horizon Energy displays Chevron’s continued dedication to supplying gasoline to the home market and underscores the continued position for gasoline within the state’s power combine”, Chevron Australia president Balaji Krishnamurthy stated in an organization assertion.
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“As a versatile supply of power, gasoline performs an important position in supporting baseload electrical energy technology in addition to a back-up for when climate circumstances affect renewable energy technology”.
“By way of its suite of fairness and collectively held gasoline gross sales agreements, Chevron is the most important provider of gasoline for electrical energy technology in Western Australia”, Chevron stated within the assertion on its Australian web site.
Gorgon and Wheatstone present over 40 p.c of the state’s gasoline provide, in accordance with Chevron.
Gorgon features a home gasoline plant with a capability of 300 terajoules a day (TJd) and three liquefaction trains with a mixed manufacturing of as much as 15.6 million metric tons each year (MMtpa) of liquefied pure gasoline, in accordance with Chevron. Situated on Barrow Island, it’s fed by the offshore Gorgon and Jansz-Io fields.
Late final yr Chevron introduced a AUD 3 billion ($2.09 billion) closing funding resolution to proceed with Gorgon Stage 3.
The primary in a deliberate sequence of tiebacks, Gorgon Stage 3 will develop the Geryon and Eurytion fields within the Higher Gorgon Space by connecting them to present subsea gasoline gathering infrastructure and processing amenities on Barrow, Chevron stated in an announcement December 5, 2025.
In the meantime Wheatstone produces as much as 200 TJd for the home market. It additionally has two LNG trains with a mixed capability of 8.9 MMtpa, in accordance with Chevron. Situated on the Pilbara coast, Wheatstone processes gasoline from the offshore Brunello, Iago, Julimar and Wheatstone fields.
North West Shelf, operated by Australia’s Woodside Vitality Group Ltd, has two home gasoline processing trains. It additionally has 4 LNG trains with a collective capability of 14.3 MMtpa, in accordance with Woodside. It processes gasoline from the Angel, Goodwyn, North Rankin and Perseus fields off the coast of Karratha.
An asset swap between Chevron and Woodside involving North West Shelf and Wheatstone, agreed 2024, is on track for completion within the second half of 2026, Woodside affirmed in its report of 2025 outcomes printed February 24, 2026. Chevron will exit North West Shelf and improve its stake in Wheatstone because of the transaction.
To contact the creator, electronic mail jov.onsat@rigzone.com
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