Chevron signs LNG HoA with China Huadian
Published by David Rowlands,
Editor
LNG Industry,
Chevron Corp. has released a statement claiming that Chevron U.S.A. Inc. – a wholly owned subsidiary – has signed a non-binding LNG supply Heads of Agreement (HoA) with China Huadian Green Energy Co. Ltd. Once the agreement has been finalised, China Huadian Green Energy will receive up to 1 million tpy of LNG over a period of 10 years, commencing in 2020.
Pierre Breber, the Executive Vice President, Chevron Gas and Midstream, said: “This is an important step in the commercialisation of Chevron's natural gas holdings in Australia and the establishment of our global LNG portfolio.
"As Chevron continues to grow into one of the world's largest LNG suppliers, this agreement represents further progress and diversification of our sales portfolio."
Roy Krzywosinski, the Managing Director, Chevron Australia, said: “We welcome the opportunity to supply LNG to China Huadian and look forward to building lasting relationships with our customers in the region as the Chevron-operated Gorgon and Wheatstone projects move into operations.
“The China Huadian agreement demonstrates Chevron's equity gas from Australia is well-placed to meet the growing demand for natural gas in the Asia-Pacific region.”
Edited from press release by David Rowlands
Read the article online at: https://www.lngindustry.com/regasification/22122015/chevron-signs-hoa-with-china-huadian-1803/
You might also like
EIA: US natural gas trade will continue to grow with the start-up of new LNG export projects
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.