Chevron Corp. has announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Co. Ltd (ENN).
The HoA will see LNG delivered to China from the Gorgon LNG project in Australia. ENN is expected to receive up to 0.5 million tpy of LNG over 10 years. Deliveries are expected to start in 2018 or 1H19.
Mike Wirth, Executive Vice President, Chevron Midstream and Development, said: "This is one more step in the development of our Australian gas business and our global LNG portfolio […] It also represents further progress with new LNG buyers in China who are poised to transform the LNG landscape in that country."
Roy Krzywosinski, Managing Director, Chevron Australia, added: "As first LNG production from the Gorgon Project draws near, we welcome ENN as a new customer […] This deal shows the competitiveness of LNG supply from Chevron's Australian projects."
This HOA with ENN follows the recently announced non-binding LNG supply HoA with China Huadian Green Energy Co. Ltd.
ENN’s Zhoushan LNG receiving terminal in China is currently being constructed and expected to be in operation by 2018.
The Gorgon Project is a joint venture of the Australian subsidiaries of Chevron (47.3%), ExxonMobil (25%), Shell (25%), Osaka Gas (1.25%), Tokyo Gas (1%) and Chubu Electric Power (0.417%).
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/19012016/chevron-signs-hoa-with-enn-1887/