April 26 (LNGJ) - Chevron Corp. Chairman and Chief Executive John Watson said the leading project developer's Australian ventures remained on track. "Construction is progressing well on the Gorgon and Wheatstone LNG projects," Watson stated in the US major's earnings statement. The company pointed out that it signed binding long-term agreements during the quarter with Chubu Electric Power Co. of Japan for Wheatstone LNG. More than 80 percent of Chevron's equity LNG offtake from Wheatstone is covered under such deals.
