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Chevron's Gorgon project began shipping LNG from its third and final train in recent months.

Chevron loses $340m tax appeal

Chevron Australia has lost its appeal of a 2015 Federal Court ruling regarding the company’s financial and taxation relationship with its US parent, although the company has not ruled out a High Court appeal.

The dispute is over a credit facility created in 2003, which gave the Australian Chevron subsidiary around $2.5 billion of loans.

The subsidiary was charged a higher interest rate on those loans than the parent company, which had itself borrowed the money in the US.

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