Chevron (CVX) approves a $29B investment in an Australian natural gas project to help position...

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

Chevron (CVX) approves a $29B investment in an Australian natural gas project to help position the firm to capitalize on energy growth in Asia. The oil concern expects production to begin in 2014 with infrastructure that will be in place for "50 or 60 years" to supply the LNG market.