Market Overview

Chevron to Supply Tohoku Electric with LNG from Wheatstone Project in Western Australia

Chevron Corporation (NYSE: CVX) today announced that its Australian
subsidiaries have signed binding long-term Sales and Purchase Agreements
(SPAs) with Tohoku Electric Power Company, Inc. (Tohoku) to supply
liquefied natural gas (LNG) from the Chevron-operated Wheatstone Project
in Western Australia.

Under the agreements, Chevron subsidiaries, together with subsidiaries
of Apache Energy and Kuwait Foreign Petroleum Exploration Company, will
supply Tohoku with 0.9 million tonnes per annum of LNG for up to 20
years.

Joe Geagea, president, Chevron Gas and Midstream, said, “These
agreements with Tohoku create a new partnership between our companies
and demonstrate the benefits of buyers and sellers working together to

See full press release

Posted-In: News Guidance Contracts Management Global

 

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