Chevron Eyes Aussie Gas, Tightens Refinery Squeeze

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.

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