Gorgon LNG Project.

What Gorgon LNG Project. does

The Gorgon LNG Project is a world-scale liquefied natural gas (LNG) production and export facility located on Barrow Island, Western Australia, operated by Chevron Australia Pty Ltd, a wholly-owned subsidiary of Chevron Corporation (NYSE: CVX). First LNG production commenced in 2016; the project comprises three liquefaction trains supported by offshore production platforms, subsea pipelines tied back from the Gorgon and surrounding fields, and a marine terminal that has dispatched more than 2,000 LNG cargoes to Asia Pacific importers. Integrated into the project is a carbon capture and storage (CCS) system designed to reduce the lifecycle emissions intensity of LNG production, marketed under Chevron Australia's lower-carbon business strategy. Chevron Australia has operated in Australia for over 70 years and uses Gorgon alongside the Wheatstone Project to supply approximately 40% of Western Australia's domestic gas demand.

The project earns revenue through two streams: (1) long-term, oil- or hub-linked LNG supply contracts with utilities, importers, and industrial buyers across Japan, South Korea, China, and other Asia Pacific markets, shipped via dedicated LNG carriers; and (2) domestic natural gas supply agreements with Western Australian utilities and industrial customers (including a recently renewed Horizon Power agreement) delivered through onshore pipeline infrastructure. Pricing terms for both streams are individually negotiated and not publicly disclosed. Go-to-market is direct enterprise sales through Chevron Australia's commercial organization; the asset is not a standalone corporate entity but a project within Chevron Australia's portfolio, which is in turn part of Chevron Corporation.

Gorgon Stage 3, which took Final Investment Decision in 2025, represents the next leg of expansion and includes additional subsea development tied back to existing infrastructure, supporting both LNG export volumes and Western Australian / regional energy security. Strategic emphasis going forward is on growing traditional energy volumes, reducing emissions intensity through CCS, and deepening local content and supplier partnerships (e.g., Kounis Group) while engaging the Australian Government on domestic gas reservation and gas taxation policy frameworks.

Name

Gorgon LNG Project.

Legal name

Chevron Australia Pty Ltd

Website

https://chevronaustralia.com

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

The Gorgon LNG Project is a world-scale liquefied natural gas facility on Barrow Island, Western Australia, operated by Chevron Australia. It exports LNG across Asia Pacific and supplies roughly 40% of WA's domestic gas, with integrated carbon capture and storage.

Ownership category

akta.pro rank

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Supply Chain, Personnel

Revenue model

1. LNG Sales: Production and sale of liquefied natural gas (LNG) to customers across the Asia Pacific region through long-term supply contracts.
2. Domestic Gas Supply: Supply of domestic natural gas to Western Australia, including agreements with utilities like Horizon Power, supplying approximately 40% of WA's domestic gas needs.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

The Gorgon LNG Project operates a three-train LNG facility on Barrow Island, Western Australia, producing liquefied natural gas for export to Asia Pacific markets and supplying approximately 40% of Western Australia's domestic natural gas demand. The project integrates one of the world's largest commercial carbon capture and storage systems, injecting reservoir-bound CO2 into the Dupuy Formation more than 2 km below Barrow Island. It is operated by Chevron Australia Pty Ltd on behalf of a joint venture of Chevron, ExxonMobil, Shell, Osaka Gas, Tokyo Gas, and JERA.

Product overview

The Gorgon LNG Project is a major core product operated by Chevron Australia, comprising a large-scale LNG production facility on Barrow Island. It is part of Chevron Australia's integrated energy portfolio that also includes the Wheatstone Project. Together, these facilities supply approximately 40% of Western Australia's domestic gas and export LNG to Asia Pacific customers. The Gorgon Project includes the Gorgon Stage 3 expansion module and Carbon Capture and Storage capabilities as environmental initiatives.

Differentiator

Problem solved

Functional benefit

Products and services

• Liquefied Natural Gas (LNG) LNG produced from the three-train Gorgon facility on Barrow Island for export to Asia Pacific utilities and energy customers under long-term contracts and spot arrangements.
• Domestic Natural Gas Pipeline natural gas supplied to the Western Australian domestic market, accounting for approximately 40% of the state's domestic gas demand.
• Carbon Capture and Storage (CCS) Services One of the world's largest commercial carbon capture and storage systems, injecting reservoir-bound CO2 into the Dupuy Formation more than 2 km below Barrow Island as an integrated component of the Gorgon LNG operation.

Quantifiable outcome

• ~40% of WA domestic gas supply
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Kounis GroupminorStrategic or Co-development PartnerChevron Australia partnered with Western Australian manufacturing company Kounis Group for local manufacturing support. Kounis Group provides equipment and manufacturing capabilities for Chevron's major projects including Gorgon, supporting local industry participation.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Woodside Energy: Woodside operates the North West Shelf, Pluto, and is developing Scarborough and Browse — all large-scale LNG projects supplying Western Australia and Asia Pacific from offshore gas reservoirs, making it the closest direct competitor to Gorgon.
• ConocoPhillips: ConocoPhillips operates Australia Pacific LNG (APLNG) with Origin Energy, exporting LNG from Queensland to Asia Pacific, and is a major US LNG player — a directly comparable upstream LNG producer serving overlapping Asian buyers.
• Cheniere Energy: Cheniere is the largest US LNG exporter operating Sabine Pass and Corpus Christi, competing directly against Gorgon for Asia Pacific SPA volume with flexible, merchant-style offerings to the same utilities and energy buyers.
• Santos: Santos operates GLNG, Darwin LNG, and is developing Barossa — all Australian LNG projects with similar offshore-to-Asia-Pacific value chains and competitive long-term SPA structures to Gorgon.
• TotalEnergies: TotalEnergies operates Mozambique LNG and has stakes in multiple global LNG projects including Qatargas, pursuing similar long-term Asia Pacific SPA strategies and integrated upstream-to-LNG value chains as Gorgon.
• Inpex Corporation: Inpex operates the Ichthys LNG project in Western Australia with comparable scale, offshore-to-onshore processing configuration, and Asia Pacific (notably Japan) offtake profile, making it a near-clone asset-level peer to Gorgon in the same basin.
• BP plc: BP operates Tangguh LNG in Indonesia and is developing other Asia Pacific LNG supply options, supplying the same Asian power-generation and utility buyers as Gorgon through similar long-term contract structures.
• ExxonMobil (LNG operations): ExxonMobil operates Papua New Guinea LNG, co-owns Gorgon's JV, and is developing Golden Pass and other US LNG export projects — competing in the same Asia Pacific LNG corridor with comparable large-scale, long-term-contracted volumes.
• QatarEnergy: QatarEnergy is the world's largest LNG exporter, producing and shipping LNG to the same Asia Pacific buyers (Japan, South Korea, China) that Gorgon serves, competing head-to-head for long-term SPA volume and pricing.
• Shell plc (LNG operations): Shell operates Prelude FLNG in Australia and QGC, and is the largest LNG trading house globally — a directly comparable upstream-to-LNG operator with established Asia Pacific offtake relationships competing with Gorgon for market share.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/chevron
• LinkedInlinkedin.com/company/gorgon-lng-project.
• Instagraminstagram.com/chevronaustralia

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gorgon LNG Project.