Apr. 9 at 3:15 PM
$CVX - Chevron Restores Domestic Gas Supply in WA After Cyclone Damage
$CVX is on the rebound after Cyclone Narelle caused serious damage to its Wheatstone facility in Western Australia. The company has fully restored domestic gas supply, but LNG production is still recovering, now at 50% of capacity.
1 production train is up and running at full capacity, while the second is still under repair. Full recovery of LNG output is expected to take several more weeks.
Wheatstone’s capacity: 8.9 million tonnes/year, with 15% allocated to the domestic market.
This is a key development for
$CVX and the LNG sector — the recovery here could impact both short-term supply and long-term strategy. Keep an eye on how this unfolds.
