Chevron Starts Second Production Unit At Wheatstone LNG In Australia

Chevron Corp. (NYSE: CVX) has started producing LNG at the second unit of its $34 billion Wheatstone development, marking the completion of its two megaprojects in Australia after cost-blowouts and delays it was announced on June 15.

Wheatstone Train 2 is the last of five LNG production units built by Chevron in the state of Western Australia over the past decade at a combined cost of $88 billion.