Monday, October 19, 2009

New natural gas find in Australia: Chevron

Chevron, an energy company in Australia has found oil in a drilling project off the shore of Australia. Monday announced a newnatural gas discovery off Western Australia that will help support the massive Gorgon liquefied natural gas. Chevron, Shell and ExxonMobil are all contributing to the development of this ,"Gorgon" oil mine, spending 39.25 billion dollars on Australia's largest-ever resource development. The Gorgon project, expected to begin production in 2014, is going to be an important source of energy for Asia's burgeoning economies. Asian countries have already invested 45 billion dollars in it.


By Carla Lutz
source

No comments: