The December 2022 issue of IEEE Spectrum is here!

Close bar

Agreement Imminent on Gigantic Australian Gas Project

Sales of liquefied natural gas from Gorgon field are expected to revolutionize Asian energy markets

1 min read

Chevron, ExxonMobil, and Royal Dutch Shell will finalize agreement next week on development of an enormous Australian natural gas field, the Wall Street Journal and the Financial Times reported today, The Gorgon field is thought to contain on the order of 40 billion cubic feet of natural gas, the equivalent of 6.7 billion barrels of oil, and will cost in excess of $40 billion to exploit. Together with about a dozen other major gas projects in Australia, Gorgon may soon make the country the world’s leading exporter of LNG—and its exports will help a number of major Asian economies somewhat lesson their dependence on dirty, carbon-intense coal. According to Chevron, leader of the Gorgon project, long-term contracts already have been secured with customers in China, Japan, South Korea, and India, and more such contracts are in the works.

The Conversation (0)
This photograph shows a car with the words “We Drive Solar” on the door, connected to a charging station. A windmill can be seen in the background.

The Dutch city of Utrecht is embracing vehicle-to-grid technology, an example of which is shown here—an EV connected to a bidirectional charger. The historic Rijn en Zon windmill provides a fitting background for this scene.

We Drive Solar

Hundreds of charging stations for electric vehicles dot Utrecht’s urban landscape in the Netherlands like little electric mushrooms. Unlike those you may have grown accustomed to seeing, many of these stations don’t just charge electric cars—they can also send power from vehicle batteries to the local utility grid for use by homes and businesses.

Debates over the feasibility and value of such vehicle-to-grid technology go back decades. Those arguments are not yet settled. But big automakers like Volkswagen, Nissan, and Hyundai have moved to produce the kinds of cars that can use such bidirectional chargers—alongside similar vehicle-to-home technology, whereby your car can power your house, say, during a blackout, as promoted by Ford with its new F-150 Lightning. Given the rapid uptake of electric vehicles, many people are thinking hard about how to make the best use of all that rolling battery power.

Keep Reading ↓Show less