Chevron Considers NWS LNG Divestment Amid Pressure to Consolidate

Wednesday, 24 June 2020

Chevron confirmed it would consider serious offers for its stake in NWS LNG, Australia’s first large-scale LNG development. Already plagued by asset write-downs and a CAPEX cut announcement even before COVID-19, the energy major is clearly assessing to what extent its stake in NWS LNG still meets its own criteria of ‘high return, low risk’.

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