PERTH--November 14, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--The Gorgon Liquefied Natural Gas (LNG) project is being developed in a nature reserve on Barrow Island in Western Australia by Chevron Australia Pty Limited (NYSE:CVX) (Perth, Australia). Chevron is working with the Kellogg Joint Venture Group (KJVG) (which consists of KBR, JGC, Hatch and Clough) and the Gorgon Upstream Joint Venture (which consists of J P Kenny and Technip Oceania) to develop the project. (Both joint ventures are located in Perth, Australia.) Once the project is operational, it will produce around 15 million-metric-tons of LNG per year, and it will have the possibility of a production expansion. The large-scale LNG project was given the development go-ahead in September 2009, and was initially forecasted to cost a total of approximately $38.8 billion (AUS$37 billion); however, there have been rising costs in Australia Chevron; and now industry leaders are conducting a cost review analysis, which is expected to be completed by the end of the year.