Gorgon struggles to offload test LNG project

MILAN: Chevron’s US$54bil Gorgon LNG project – the world’s most expensive – may be forced to dump chunks of its early production onto an already saturated global spot market, as some Japanese clients warn they are unlikely to take up test shipments.

This would be another blow for a project hit by bils of dollars in cost overruns and underscores the difficulties for a raft of Australian liquefied natural gas developments facing subdued demand and competition from US shale gas.