LNG Supply Cut Further After Cyclone Hits Australian Plants
The Gorgon Project liquefied natural gas storage facility, operated by Chevron Corp., on Barrow Island, Australia.
Photographer: Lisa Maree Williams/BloombergThree Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar.
Karratha, the onshore processing facility that feeds Woodside Energy Group Ltd.’s North West Shelf export plant in Western Australia, had a production interruption due to severe Tropical Cyclone Narelle, according to a company spokesperson. Meanwhile, Chevron Corp. said one of the three production units at its Gorgon plant was stopped, as well as a platform that feeds its Wheatstone facility and domestic gas production.