LNG

Dec 7 (LNGJ) - Chevron Corp., currently ramping up its new Wheatstone LNG export plant in Western Australia, said it had set aside $18.3 billion for its 2018 capital and exploratory spending program. This figure includes $5.5Bln for the company’s share of expenditures by affiliated companies. “Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies and investment high-grading,” said Chairman and Chief Executive John Watson. “We’re fully funding our advantaged Permian Basin (US) position and dedicating approximately three-quarters of our spending to projects that are expected to realize cash flow within two years,” added the CEO.