Chevron halts production unit at Gorgon LNG plant

|About: Chevron Corporation (CVX)|By:, SA News Editor

Chevron (NYSE:CVX) says it has temporarily halted output from one of the two production units at its Gorgon liquefied natural gas plant off Australia's west coast.

The stoppage, which CVX blames on "recent performance variations," is the latest in a string of outages to hit the $54B project since its March start-up; the company has not said how long the shutdown would last.

Gorgon will have the capacity to produce 15.6M metric tons/year of LNG when all three of its production trains are operating.