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

San Ramon, April 8 - Neftegaz.RU. The 2^nd-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 2^nd largest island.

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 1^st in the country
• the Wheatstone project, the Australia’s 1^st LNG hub
• the Gorgon project, is one of the world's largest LNG projects, which is also based in Australia