Chevron secures Wheatstone supply deal
Chevron has announced it has signed a major long-term Sales and Purchase Agreement (SPA) with Chubu Electric Power Company for the provision of 1 million tonnes per annum of liquefied natural gas (LNG).
Under the 20-year agreement, Chevron, together with Wheatstone parnters Apache Energy and Kuwait Foreign Petroleum Exploration Company, will provide LNG to one of the world’s largest energy consumers.
Joe Geagea, president, Chevron Gas and Midstream, said, “Chubu, one of the world's leading LNG customers, is now a partner and customer of the Chevron-operated Gorgon Project. We are pleased to expand the strong partnership between our two companies with these SPAs for Wheatstone LNG."
Roy Krzywosinski, managing director, Chevron Australia, said, "More than 80 percent of Chevron's equity LNG from Wheatstone is covered under long-term off-take agreements with customers in Asia. The agreements demonstrate that Wheatstone is well-placed geographically to meet the Asia Pacific region's growing demand for a safe, reliable and cleaner-burning source of energy.”