Chevron, Woodside Vie to Shape Australia’s LNG Sector

Chevron, Woodside Vie to Shape Australia’s LNG Sector
The Karratha Gas Plant in Australia is seen in this undated handout photo. Woodside/Handout via Reuters
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MELBOURNE—After spending a decade and billions of dollars developing Australia’s vast gas reserves, U.S. energy giant Chevron Corp and local firm Woodside Petroleum are at odds over the pace and timing of the next leg of expansion.

Shipments of liquefied natural gas (LNG) have become one of Australia’s biggest exports and a key source of revenue for many energy majors, so any hurdles in the sector’s development could strike a substantial blow.