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U.S. energy giant Chevron and Japan Hokkaido Gas inked LNG supply deal

With its major projects in Western Australia, Chevron is set to join the top tier of global LNG producers and generate substantial cash flows for several decades to come

U.S. energy giant Chevron and Japan Hokkaido Gas inked LNG supply deal

San Ramon, April 8 - Neftegaz.RU. The 2nd-largest U.S. oil producer Chevron announced on April 7, that its wholly owned subsidiary CUSA has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Ltd. for the delivery of LNG to the Hokkaido area.

Under the agreement, CUSA will supply Hokkaido Gas with about a half million tons of LNG over a period of 5 years starting April 2022.
John Kuehn, President of Chevron Global Gas, said:
  • We are delighted to design and execute a Sales and Purchase Agreement (SPA) with our new partner Hokkaido Gas that will bring Chevron LNG directly to Hokkaido, a key growth area
  • It broadens our customer base in Japan, a market that is foundational to our LNG business
  • This new SPA represents Chevron’s commitment to collaborate with Hokkaido Gas in diversifying energy solutions and advancing a lower carbon future in the Hokkaido area
The city gas supplier Hokkaido Gas unloads LNG volumes at the Ishikari LNG import terminal on Hokkaido, Japan’s 2nd largest island.

Hokkaido Gas is an integrated energy company located in Sapporo, Japan which provides city gas, electricity and other high value-added energy services in Hokkaido region.

Chevron has 4 major capital LNG projects.
These comprise:
  • the Angola LNG project is one of the largest energy projects on the African continent and the 1st in the country
  • the Wheatstone project, the Australia’s 1st LNG hub
  • the Gorgon project, is one of the world's largest LNG projects, which is also based in Australia

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