|The Gorgon gas project is a natural gas project in Western Australia, involving the development of the Greater Gorgon gas fields, subsea gas-gathering infrastructure, and a liquefied natural gas plant on Barrow Island.|
The Gorgon field is centered about 130 kilometres (81 mi) off the north-west coast of Western Australia, where the water depth is approximately 200 metres (660 ft).
|Australia is expected to lead LNG production globally, but only briefly, Qatar has signalled it will ramp up production from its North Dome gas field. It could produce an extra 57 million cubic metres of gas per day in the next 5-7 years. During this period, the market’s supply surplus was set to reverse with demand expected to outstrip supply. That now appears unlikely.|
|The project has attracted criticism. Barrow Island is a Class A nature reserve. It was reported in November 2011 that native animals on Barrow Island had been killed daily with a known total of well over 1550. Economic benefits to Australia are also under the microscope. Oil giant Chevron has slammed a recent $340 million tax ruling against it by the Federal Court.|
The project is unique in that the bulk of taxes are set to begin after capital costs are recovered.