RENEE MONTAGNE, Host: NPR's business news starts with Chevron's new venture in natural gas.</s>RENEE MONTAGNE, Host: Chevron says it's going ahead with a major push to extract liquefied natural gas off the coast of Western Australia. The project is one of the largest in the world and the biggest ever for Australia, which could become a supplier of fuel to Asian economies hungry for energy. The first phase will cost $37 billion. Chevron did have to satisfy Australia's strict environmental conditions. The American company agreed to build a facility to reduce carbon emissions and to provide safeguards for a rare species of turtle that lives nearby on a natural reserve.
U.S. energy giant Chevron says it's going ahead with a major project to extract liquefied natural gas off the coast of Western Australia. The project is one of the largest in the world and the biggest ever for Australia, which could become a major supplier of fuel to Asian economies hungry for energy.