As a joint venture (JV) between Chevron and GS Energy, GS Caltex has signed a long-term agreement and will begin receiving LNG in October this year.
Hugh Connett, Chevron’s President of Global Gas, said: “We’re proud of our partnership with GS Caltex and we welcome this opportunity to build on that relationship by supplying LNG to South Korea’s growing market.”
According to the statement, Chevron has an existing LNG SPA with GS Caltex that was signed in 2009.