Fed: Facts about the proposed Gorgon development

AAP General News (Australia)
08-19-2009
Fed: Facts about the proposed Gorgon development

Facts about the proposed Gorgon LNG development





* The $50 billion Gorgon development .. 130 km off the Western Australian coast ..

will be the biggest ever resource development in Australian history.



* Around six thousand jobs will be created during its construction.



* Gorgon is a joint venture development between Chevron (50 per cent), Shell (25 per
cent) and ExxonMobil (25 per cent)



* The Rudd government will make a decision on final environmental approvals before
September 8, 2009.



* Concerns have been raised about the development's impact on the flatback turtle and
other threatened species on Barrow Island.



* The commonwealth and WA government will cover long-term liability for the carbon
capture and storage element of Gorgon project.



* The Greater Gorgon area is Australia's largest known gas resource and holds more
than 40 trillion cubic feet of natural gas.



* PetroChina has agreed to buy $50 billion worth of LNG from Gorgon over the next 20
years - Australia's biggest ever trade deal.



AAP RTV so/sb/crh

KEYWORD: GORGON (FACTBOX)

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