A Business Council of Australia report found that resource projects in Australia were 40% more expensive than those in the US Gulf Coast.
"This is roughly in line with what we’ve experienced on the Gorgon Project.
While costs of overseas supplied goods have been relatively stable, the costs of locally supplied goods and services have risen dramatically.
This weighs heavily on Chevron and its partners as we consider a fourth train expansion of Gorgon.
"While
