Chevron is an equal one-sixth foundation participant in the North West Shelf Venture (NWSV) – Australia’s first LNG project. Since delivery of its first domestic gas supplies in 1984 and LNG cargoes to Japanese customers in 1989, the project has a track record as a safe, competitive and reliable supplier of domestic gas and LNG to Australian and Asian markets.
In November 2012, the project celebrated the delivery of 3,000 LNG cargoes to Japan, marking over 20 years as a supplier of LNG to the country.
Located on the Burrup Peninsula near the Port of Dampier and the town of Karratha in Western Australia, the project is based on vast undersea natural gas and crude oil resources. Collectively, the six venture participants have invested in onshore and offshore oil and gas facilities totalling more than AU$27 billion.
The project is Western Australia’s largest producer of domestic gas providing about 65 percent of the State’s total production. It also accounts for more than 40 percent of Australia's oil and gas production and is a major producer of liquefied natural gas (LNG), natural gas, liquid petroleum gas (LPG), condensate and crude oil.
The NWS operations consist of production from five major oil and gas fields and a number of smaller fields. These include, the North Rankin, Goodwyn, Perseus, Angel and Echo Yodel natural gas fields and the Wanaea, Cossack, Lambert and Hermes crude oil fields. Venture facilities include three fixed offshore platforms, one floating production, storage and offtake vessel, and Australia's largest onshore gas processing facility, near Karratha.
The onshore gas plant consists of five LNG processing plants – or “trains” – a domestic gas plant to supply Western Australia, LPG production units as well as storage and loading facilities for LNG, LPG and condensate.
To service the Australian and Asian markets, two specialist marketing agencies have been developed by the venture participants. North West Shelf Gas markets pipeline gas and administers contracts with customers in Western Australia, while North West Shelf Australia LNG markets LNG and administers contracts with customers.
The North West Shelf Shipping Services Company then provides an advisory role for the vital shipping link between the LNG production facilities and customers in the Asia-Pacific region. Providing the backbone to this service are seven venture-owned dedicated LNG ships.
The Chevron Transport Corporation Ltd operates the largest vessel in the fleet, the Northwest Swan which started shipping LNG to Asia in 2006.