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Chevron Says Damage at Wheatstone LNG Will Hamper Restart

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Article content(Bloomberg) — Storm damage to Chevron Corp.’s Wheatstone gas plant in Australia is hampering efforts to restart operations and the facility won’t be back online fully for weeks, adding further strain to the global LNG market.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentTropical Cyclone Narelle disrupted production from liquefied natural gas facilities along Australia’s northern and western coasts during the past week. LNG supply is already squeezed by the war in the Middle East, with the critical Strait of Hormuz effectively shut and a giant Qatari export plant knocked offline earlier this month.
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Article content(Bloomberg) — Storm damage to Chevron Corp.’s Wheatstone gas plant in Australia is hampering efforts to restart operations and the facility won’t be back online fully for weeks, adding further strain to the global LNG market.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentTropical Cyclone Narelle disrupted production from liquefied natural gas facilities along Australia’s northern and western coasts during the past week. LNG supply is already squeezed by the war in the Middle East, with the critical Strait of Hormuz effectively shut and a giant Qatari export plant knocked offline earlier this month.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle content“The Wheatstone gas facility near Onslow has had equipment damage from the severe weather, which has impacted restart activities,” Chevron said in a statement. It will be a “number of weeks” before the site returns to full production, the company said.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentChevron said earlier in the week that one of three LNG production units at its Gorgon plant was halted, as well as a platform that feeds Wheatstone. On Sunday it said the Gorgon facility was operating at “full rates.”Article contentThe storm also hit infrastructure feeding Woodside Energy Group Ltd.’s North West Shelf export plant. The company said it’s working to resume normal operations, and output continues at its Macedon and Pluto gas facilities.Article contentWoodside also said ship loading at Pluto LNG is restarting following the reopening on Saturday of Dampier port.Article contentGorgon, Wheatstone and North West Shelf accounted for almost half of Australia’s exports last month, or about 8.4% of the global trade, according to researcher EnergyQuest.Article content—With assistance from Paul-Alain Hunt.Article content(Updates with Woodside comments in fifth and sixth paragraphs.)Article contentTrending Trans Mountain pipeline expected to run nearly full in April, bucking seasonal trends, as war continues Energy Quebec demands Air Canada’s CEO resignation in 92 to 0 vote Airlines Iran oil revenue soars as it's the only exporter out of Hormuz Oil & Gas Why waiting to lock in your variable rate often backfires Mortgages Meet the Canadian e-bike maker who is redefining the factory floor Electric Vehicles Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Trans Mountain pipeline expected to run nearly full in April, bucking seasonal trends, as war continues Energy Quebec demands Air Canada’s CEO resignation in 92 to 0 vote Airlines Iran oil revenue soars as it's the only exporter out of Hormuz Oil & Gas Why waiting to lock in your variable rate often backfires Mortgages Meet the Canadian e-bike maker who is redefining the factory floor Electric Vehicles

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Source: Financial Post

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