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Chevron's (CVX) investment in Australian shale gas may seem curious given the country's abundant...

Chevron's (CVX) investment in Australian shale gas may seem curious given the country's abundant coal and conventional gas take care of domestic needs, but it's a smart bet on overseas demand, writes Robb Stewart. Gas prices in Asia - based on long-term contracts indexed to oil prices - are as much as 4x higher than North American prices.
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  • Clayton Rulli
    , contributor
    Comments (3136) | Send Message
     
    How bout this investment is a synergy to the Gorgon NGL project, "one of the world's largest natural gas projects and the largest single resource project in Australia's history" ?http://bit.ly/Why1gT
    27 Feb 2013, 08:46 AM Reply Like
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