Chevron's mega Australia gas project starts production

Sydney

ONE of the world's largest natural gas plants and Australia's biggest resources project has started production, Chevron said on Tuesday, as the market continues to battle plunging commodity prices and a supply glut.

The US multinational said that the US$52 billion Gorgon liquefied natural gas (LNG) project off Australia's north-west coast, which has been hit by delays and cost overruns, was expected to ship its first cargo next week.