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    Chevron Eyes Aussie Gas, Tightens Refinery Squeeze

    Investing News Network
    Mar. 14, 2011 09:50AM PST
    Oil and Gas Investing

    Reuters reported that Chevron (NYSE:CVX) is putting significant investment into two Australian natural gas projects.

    Reuters reported that Chevron (NYSE:CVX) is putting significant investment into two Australian natural gas projects.

    The market news is quoted as saying:

    The $37 billion Gorgon liquefied natural gas (LNG) project, which the company is building with Exxon Mobil Corp and Royal Dutch Shell Plc, is on target to produce the oil-equivalent of 450,000 bpd starting in 2014.

    To read the full market news, click here.

    nyse:cvxliquefied natural gas
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