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06-06-2012 03:15:00

Chevron Executive: Gorgon LNG Project More Than 40% Complete; To Start in 2014

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By Gurdeep Singh

KUALA LUMPUR--The giant Gorgon LNG project is more than 40% complete and is due to start operations in 2014, Chevron Corp. (CVX) Vice Chairman George Kirkland told a conference Wednesday.

San Ramon, Calif.-based Chevron--the second biggest oil company in the U.S. behind Exxon Mobil Corp. (XOM)--is investing heavily in Asia-Pacific through the construction of Gorgon as well as the Wheatstone project to tap a projected surge in demand for cleaner-burning fuels.

Write to Gurdeep Singh at gurdeep.singh@dowjones.com

(END) Dow Jones Newswires

June 05, 2012 21:15 ET (01:15 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

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