$43bil Gorgon officially approved
The largest single resources project in Australian history has been officially approved.
Gorgon gas project partners Chevron, Shell and ExxonMobil have announced they have made the final investment decision to build the first phase of the Western Australian development at a cost of $43 billion.
The decision was expected, given that the project partners have already handed out contracts worth many billions of dollars for various components of the development.
The project is expected to create 10,000 jobs during peak construction, with an estimated $33 billion to be spent on Australian goods and services.
Chevron says the Gorgon gas field has a resource of 40 trillion cubic feet of natural gas, enough to power a city of one million people for 800 years.
