Chevron and Hokkaido Gas Co., Ltd. Sign LNG Agreement
07 Abril 2021 - 2:53AM
Business Wire
New agreement to bring LNG direct to growth
area in strategic market
Chevron Corporation (NYSE: CVX) today announced its wholly-owned
subsidiary Chevron U.S.A. Inc. (Singapore Branch) (“CUSA”) has
signed a binding Sale and Purchase Agreement (SPA) with Hokkaido
Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from
Chevron’s global LNG portfolio to the Hokkaido area.
Under the agreement, CUSA will supply Hokkaido Gas with about a
half million tons of LNG over a period of five years starting April
2022.
“We are delighted to design and execute a Sales and Purchase
Agreement (SPA) with our new partner Hokkaido Gas that will bring
Chevron LNG directly to Hokkaido, a key growth area. It broadens
our customer base in Japan, a market that is foundational to our
LNG business. This new SPA represents Chevron’s commitment to
collaborate with Hokkaido Gas in diversifying energy solutions and
advancing a lower carbon future in the Hokkaido area,” said John
Kuehn, President of Chevron Global Gas, a division of CUSA.
Hokkaido Gas is an integrated energy company located in Sapporo,
Japan which provides city gas, electricity and other high
value-added energy services in Hokkaido region.
Chevron Corporation is one of the world's leading integrated
energy companies. Through its subsidiaries that conduct business
worldwide, the company is involved in virtually every facet of the
energy industry. Chevron explores for, produces and transports
crude oil and natural gas; refines, markets and distributes
transportation fuels and lubricants; manufactures and sells
petrochemicals and additives; generates power; and develops and
deploys technologies that enhance business value in every aspect of
the company's operations. Chevron is based in San Ramon,
California. More information about Chevron is available at
www.chevron.com.
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Cam Van Ast -- +61 8 9216 4462
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