Chevron to offload its stake in the in Australia’s largest and longest-running LNG venture- the North West Shelf Joint Venture.
- The Company holds a stake in other prominent Australian LNG development including Gorgon development (47.3 per cent) and the Wheatstone project (64.1 per cent).
- Chevron has decided to start a sales process in NW Shelf after several potential buyers approached the company. As per the industry estimates, it could be worth around USD 3 to USD 4 billion after considering the recent plunge in the LNG market.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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