Chevron Says Damage at Wheatstone LNG Will Hamper Restart
Bloomberg.com • • world
Key Points:
- Storm damage from Tropical Cyclone Narelle has delayed the full restart of Chevron Corp.’s Wheatstone gas plant in Australia, with operations expected to remain offline for weeks.
- The cyclone disrupted LNG production along Australia’s northern and western coasts, further constraining supply in the global market.
- LNG supply is already under pressure due to the Middle East conflict, including the closure of the Strait of Hormuz and a major Qatari export facility being offline.
- These combined factors are intensifying strain on the global liquefied natural gas market, potentially impacting energy availability and prices.
