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/