Chevron Corporation CVX today announced that its Australian
subsidiaries have signed binding long-term Sales and Purchase Agreements
(SPAs) with Chubu Electric Power Company Inc. (Chubu) for liquefied natural
gas (LNG) from the Wheatstone Project in Western Australia.
Under the agreements Chevron, together with Apache Energy and Kuwait Foreign
Petroleum Exploration Company, will supply Chubu with 1 million tons per annum
(MTPA) of LNG for up to 20 years.
Joe Geagea, president, Chevron Gas and Midstream, said, “Chubu, one of the
world's leading LNG customers, is now a partner and customer of the
Chevron-operated Gorgon Project. We are pleased to expand the strong
partnership between our two companies with these SPAs for Wheatstone LNG."
Roy Krzywosinski, managing director, Chevron Australia, said, "More than 80
percent of Chevron's equity LNG from Wheatstone is covered under long-term
off-take agreements with customers in Asia. The agreements demonstrate that
Wheatstone is well-placed geographically to meet the Asia Pacific region's
growing demand for a safe, reliable and cleaner-burning source of energy.”
The Chevron-operated Wheatstone Project is located at Ashburton North, 7.5
miles (12 kilometres) west of Onslow in Western Australia. The project will
consist of two LNG trains with a combined capacity of 8.9 million tons per
annum and a domestic gas plant.
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