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Energy Topic News Type

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
renewables fossil fuels geothermal and tidal

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.

renewables fossil fuels geothermal and tidal
The Conversation (0)
A large red quadrupedal robot with wheels at the end of its limbs balances on two legs as it opens a door and throws a package into a box.
Robotics Topic Type News

ANYmal’s Wheel-Hand-Leg-Arms Open Doors Playfully

3 min read
An illustration related to quantum computing and qubits
Computing Topic News Type

IBM Offers Quantum Error Suppression Out Of The Box

4 min read