- The $6.4B Chuandongbei gas project being built by Chevron (CVX) in China faces further delays due to disagreements with partner PetroChina (PTR) over how to develop the fields, Reuters reports.
- The project, CVX's largest investment in China, is now not expected to deliver first gas until H2 2014, nearly seven years after the firms reached a 30-year deal to produce 7.6B cubic meters/year of gas.
- The complexity of the high-pressure, high sulfur project means higher operational risk and higher standards for technical processes, which may have contributed to the delays.
Reuters: Chevron's $6.4B China gas project pushed back again
Dec 6 2013, 07:45 ET