Bloomberg quoted Chevron Corp operator of the AUD 43 billionGorgon liquefied natural gas project off northwest Australia said China, India, Thailand, Taiwan and Singapore are targets for future sales of the fuel.

The company said with initial customers in place for Gorgon and the proposed Wheatstone venture, Chevron can now look to growing markets for remaining volumes as well as expansion.

Chevron, the second-largest US oil company, is among energy producers proceeding with Australian LNG projects as Asian nations demand cleaner burning fuel to curb emissions. Chevron directors and executives visited sites in Australia in recent days, including Gorgon on Barrow Island to view the progress the company is making on its increasing investments in Australia.

Chevron has agreements to supply LNG to buyers in Japan and South Korea, including Tokyo Electric Power Co, Tokyo Gas Co, Osaka Gas Co, Korea Gas Corp and GS Caltex Corp.

The company said Chevron may supply China National Petroleum Corp. with Wheatstone LNG as part of a preliminary agreement. The San Ramon, California-based oil and gas producer aims to make an investment decision to proceed with Wheatstone in the second half of 2011 with first fuel shipments due in 2016.

(Sourced from Bloomberg)