Chevron’s $54 billion Gorgon LNG project – the world’s most expensive – may be forced to dump chunks of its early production onto an already saturated global spot market, as some Japanese clients warn they are unlikely to take up test shipments.
After nearly five years of construction, test exports of LNG from Gorgon’s 15.6 million-tonnes-a-year (mtpa) plant off western Australia are due to begin late this year and last until April 2016, when commercial deliveries will likely start.
“At this point there is no plan,” a spokesman at Tokyo Gas said, when asked whether it planned to take the first of the test, or commissioning, cargoes.
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