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The news comes just days after Shell increased its interest in the project from a 1/7 stake to 25% in a reshuffle of equity interests.
The Energia Costa Azul facility will be the first LNG facility on North America's west coast.
A statement by the Gorgon partners released on the opening morning of the 2005 APPEA conference said they would be supplying 2.5 million tonnes per year (mtpa) with first deliveries slated for 2010. Gorgon’s estimated capacity is 10 mtpa.
Gorgon Area Gas general manager Paul Oen said the unitisation agreement and the sale agreement to Mexico were steps that pushed the project closer to commercialisation.
Shell’s Gorgon project director Andy Calitz said Shell was leveraging its international position in the LNG market and downstream gas processing to help the project move forward.
“Securing this strategic position in the North American market provides a very tangible example of the benefits which the global reach of the Gorgon joint venture participants bring to Australian LNG projects.”
The partners said they were also targeting LNG markets in China, Japan and Korea.
Interests in the Greater Gorgon project are ChevronTexaco 50%, ExxonMobil 25% and Shell 25%.
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