Chevron Corp said on Friday it is on track to export the first cargo of liquefied natural gas (LNG) from its Australian Gorgon project – the world’s most expensive – early this year. Natural gas supplies from the $54 billion project will come to market just as a raft of other Australian projects come on line and the United States is due to export its first cargo from abundant shale gas supplies. Prices for the fuel in Asia have plummeted as slowing economic growth has dented demand growth. Chevron said that in preparation for the project’s start-up it had begun to cool down the LNG storage and loading facilities at the Gorgon plant on Barrow Island off western Australia. In order to cool down the […]