Chevron confirms third train off at Gorgon

CHEVRON Corporation will see 90,000 barrels of oil equivalent per day cut from its portfolio this quarter as it shuts its third LNG train for inspection at Gorgon LNG, but has lost out on the bonanza seen in the spot market some months ago as unexpected demand and inclement weather pushed prices to historic highs. 

Chevron confirms third train off at Gorgon Chevron confirms third train off at Gorgon Chevron confirms third train off at Gorgon Chevron confirms third train off at Gorgon Chevron confirms third train off at Gorgon
"The real opportunity costs from the Gorgon downtime was not participating in the spot market," CFO Pierre Breber said overnight Friday during a first quarter earnings call.

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