Chevron Signs LNG Deal with Chubu

Chevron Corporation’s Australian subsidiaries have signed a long term sale and purchase agreement (SPA) with Chubu Electric Power Company for liquefied natural gas (LNG) from the Wheatstone Project in Western Australia.

Under the agreements Chevron, together with Apache Energy and Kuwait Foreign Petroleum Exploration Company, will supply Chubu with 1 million tons per annum (MTPA) of LNG for up to 20 years, Chevron said in a statement.

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."

The Chevron-operated Wheatstone Project is located at Ashburton North, 7.5 miles (12 kilometres) west of Onslow in Western Australia. The project will consist of two LNG trains with a combined capacity of 8.9 million tons per annum and a domestic gas plant.