Very bad timing – A cyclone along the west coast of Australia has caused disruptions at three of the world’s largest liquefied natural gas (LNG) production sites
Unfortunately, when it rains, it pours. A cyclone along the west coast of Australia has caused disruptions at three of the world’s largest liquefied natural gas (LNG) production sites at the worst possible moment, while the Middle East conflict heavily disrupts the supply of this fuel.
Australia is one of the largest global exporters of LNG and the main supplier of liquefied gas to Asian countries. The sites operated by Chevron, Gorgon, and Wheatstone provide about 5% of global LNG, according to the company, while Woodside’s Karratha plant processes gas from one of the world’s largest offshore gas fields.
Reduced Supplies
“Chevron Australia is working to restore production at the Gorgon and Wheatstone gas facilities following production interruptions,” the company said in a statement. Chevron clarified that the Gorgon plant, the larger of the two, continued to operate at reduced capacity. At full capacity, it can produce more than 15 million tons of gas per year, and Wheatstone nearly nine million tons.
Australian oil and gas company Woodside Energy also announced on Friday that its Karratha site in Western Australia had experienced a production interruption.
This disruption comes “at the worst time” as it further reduces fuel supplies in the midst of (…)
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