Chevron has given its Australian subsidiary green light to proceed with the construction of the Wheatstone project in Western Australia. 

The foundation phase of the project will cost $29bn, and include of two LNG processing trains with a combined capacity of 8.9 million tons per annum, a domestic gas plant and associated offshore infrastructure.

The Wheatstone onshore foundation project is located at Ashburton North, 7.5 miles west of Onslow on the Pilbara Coast, and will be fed with natural gas from the Wheatstone and Iago fields.

Chevron chairman and CEO John Watson said that the project will provide Chevron with significant reserves and production growth, along with a large, secure energy supply to meet growing demand in the Asia Pacific region.