The total investement of the Gorgon project mushroomed from $37 to $57 billion.
The installed capacity is 15.6 million metric tons per year. Chevron now faces lower than expected demand due to cool down of the economy in China and low gas prices.
We think a more decentralized production strategy of LNG is actually more efficient and less costly.
The Galileo Cryobox is easy to install and produces on demand with minimum personnel. Each module can produce 4,500 metric tons per year. In the pictures below the San Vincente plant in Argentina produces 32,000 metric toms per year. One operator manages the plant and all activity can be remotely controlled via Galileo SCADA.