Friday, 1 July 2011 - 10:26
Chevron To Appeal Environmental Conditions For Wheatstone LNG
SYDNEY -(Dow Jones)- Chevron Corp. (CVX) said Friday it is appealing some conditions imposed on its proposed A$25 billion Wheatstone gas export project by Western Australia state's environment regulator.
San Ramon, Calif.-based Chevron said it won't publicly disclose the details of its appeal.
"We are confident that we can continue to demonstrate that the Wheatstone project can be developed in a manner that is environmentally responsible," a Chevron spokesman said in an e-mailed statement.
"Ultimately it will be the government's decision to give environmental approval to the project and we look forward to a timely decision by the State and Federal Ministers for the Environment," he said.
A final investment decision on the project's first two processing units with a combined annual capacity of 8.9 million metric tons of liquefied natural gas is still expected in the second half of 2011, Chevron said.
Chevron is the operator and 73.6% owner of Wheatstone, alongside minority partners Apache Corp. (APA), Kuwait Foreign Petroleum Exploration Co. and Royal Dutch Shell PLC (RDSB).
Wheatstone is Chevron's second major LNG project it is developing in Australia, after the A$43 billion Gorgon project offshore Western Australia.
-By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com
(END) Dow Jones Newswires
July 01, 2011 03:26 ET (07:26 GMT)
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