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Shell to join Chevron gas project
Energy giant Chevron said yesterday that Royal Dutch Shell will join its Wheatstone liquefied natural gas (LNG) project off the coast of Western Australia as an equity participant and natural gas supplier to the project. Chevron will sell 6.4 per cent of its stake to Shell and remain the operator of the project with 73.6 per cent stake. The agreement comes as Chevron prepares to make a final investment in the project, which is expected in the second half of the year. The first phase of the Wheatstone project will have a combined capacity of 8.9m tonnes per annum of LNG as well as a domestic gas plant.