Chevron signs LNG SPA with ENN

Chevron U.S.A. Inc. – a wholly owned subsidiary of Chevron Corp. – has signed a binding LNG sales and purchase agreement (SPA) with ENN LNG Trading Co. Ltd for the delivery of LNG to China from Chevron’s global supply portfolio.

Under the terms of the agreement, Chevron will provide ENN with up to 0.65 million tpy of LNG over a 10-year period. Deliveries are expected to commence in ether 2018 or 1H19.

Mike Wirth, Executive Vice President, Chevron Midstream and Development, said: “Chevron’s commitment to gas is clear. We’ve been in the natural gas business for more than 100 years, and we’re positioned to become one of the top LNG suppliers in the world.

“This SPA further demonstrates our work to expand our customer base, our strong customer relationships and our commitment to partnerships around the world.”

Edited from press release by David Rowlands

Read the article online at: https://www.lngindustry.com/liquefaction/30082016/chevron-signs-lng-spa-with-enn-2966/