Gorgon, one of the world's most ambitious and costly natural gas projects, will next week be given the official go-ahead when Chevron approves an investment of about A$42bn in the project off Western Australia.
The decision by the US's second biggest energy group to develop the globally significant reserves contained in the Gorgon fields will refocus the liquefied natural gas industry on the Asia-Pacific region.
It also heralds a shift in the hierarchy of Asia's consumers of cleaner gas that will see China overtake Japan as the region's dominant LNG buyer, a strategic position giving the country massive influence to negotiate gas prices and back new LNG projects.
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