LNG

Dec 8 (LNGJ) - Chevron Corp., the operator of the Gorgon LNG plant in Western Australia and the developer of the nearby Wheatstone joint venture, said it planned a $19.8 billion capital spending and exploratory investment programme for 2017. “Our spending for 2017 targets shorter-cycle time, high-return investments and completing major projects under construction,” said Chairman and Chief Executive John Watson. “In fact, over 70 percent of our planned upstream investment programme is expected to generate production within two years,” added Watson,