ExxonMobil secures another Gorgon-Jansz LNG contract

Aug. 19, 2009
ExxonMobil Corp. has secured another customer to complete its share of LNG from the Gorgon-Jansz project by signing up PetroChina for a 20-year supply deal.

Rick Wilkinson
OGJ Correspondent

MELBOURNE, Aug. 19 -- ExxonMobil Corp. has secured another customer to complete its share of LNG from the Gorgon-Jansz project by signing up PetroChina for a 20-year supply deal.

ExxonMobil will supply the Chinese company with 2.25 million tonnes/year of LNG for 20 years. The deal is worth an estimated $50 billion (Aus.) and comes on the heels of last week’s finalization of an agreement to supply Petronet of India with 2 million tpy from Gorgon-Jansz (OGJ Online, Aug. 12, 2009).

The project has now received environmental approval from the Western Australian government for the three-train 15 million tpy liquefaction plant to be constructed on Barrow Island and is expecting word on the federal government’s environmental stance by early September.

If this is positive the way will be clear for the Chevron Australia-led joint venture to make its final investment decision on the development within the next few months.