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First Cargo Ships from Wheatstone

By MarEx 2017-11-02 01:13:03

The first shipment of LNG has departed from the Chevron-operated Wheatstone Project in Western Australia. The cargo will be delivered to one of Chevron’s foundation buyers, JERA for delivery into Japan.

The Wheatstone Project is Australia’s first third-party natural gas hub. At full capacity, the Wheatstone Project’s two train LNG facility is expected to contribute around six percent of the Asia Pacific region’s total future LNG production, delivering 8.9 MTPA of LNG for export to customers in Asia. 

The offshore processing platform is located in 70 meters (230 feet) of water, about 225 kilometers (140 miles) from the coast. At the platform, gas, condensate and associated aquifer water will be produced from the Wheatstone, Iago, Julimar and Brunello gas resources.

Wheatstone first LNG production was achieved on October 9, 2017. The first cargo is being delivered by the Asia Venture, one of six new LNG carriers recently added to Chevron’s operated fleet. A single Chevron cargo of LNG from the Wheatstone Project could power Japan for about nine hours.

The Wheatstone LNG facility is a joint venture between Australian subsidiaries of Chevron (64.14 percent), Kuwait Foreign Petroleum Exploration Company (KUFPEC) (13.4 percent), Woodside Petroleum Limited (13 percent), and Kyushu Electric Power Company (1.46 percent), together with PE Wheatstone Pty Ltd, part owned by JERA (eight percent). Chevron holds an 80.2 percent interest in the offshore licenses containing the Wheatstone and Iago fields.