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Chevron Says Damage to Wheatstone Gas Facility to Affect Restart - Bloomberg.com
Overview
Storm damage to Chevron’s Wheatstone gas plant in Australia is delaying a restart and the facility will not be fully back online for weeks, reducing near-term LNG supply. The outage tightens an already strained global LNG market, likely increasing spot prices and volatility. This shortfall compounds other disruptions, including the recent drone strike at the Shah gas field and risks to Gulf shipments, narrowing the global supply buffer.
Entities
ORGBloombergORGChevron Corp.LOCAustraliaLOCWheatstone gas plant
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