Natural Gas Intel: Chevron Planning to Sell Stake in Australia’s North West Shelf LNG Facility

June 18, 2020

While LNG demand is forecast to continue growing, the energy market has also been roiled by the Covid-19 pandemic, which has cut demand and left oil and gas inventories spilling over. Major LNG players have taken $80 billion of investments off the table this year, according to one recent estimate from shipbroker Poten & Partners, while at least 85 million metric tons/year of capacity has been postponed, including projects in Australia.

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