SOURCE: Industrial Info Resources

Industrial Info Resources

April 12, 2011 06:30 ET

Chevron to Obtain Greater Share in West Australian Wheatstone LNG Project, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwire - Apr 12, 2011) - Researched by Industrial Info Resources Australia (Perth, Australia) -- Chevron Corporation (NYSE:CVX) (San Ramon, California) will retain a greater share of the estimated $30.7 billion Wheatstone liquefied natural gas (LNG) project, cutting back the ownership of joint venture partners Apache Corporation (NYSE:APA) (Houston, Texas) and Kuwait Foreign Petroleum Exploration Company (KUFPEC) (Kuwait City, Kuwait) by 5%.

The Wheatstone LNG production plant project is Chevron's 'next big thing' in Australia, after the Gorgon project.

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