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Chevron, ENN Announce 10-Year LNG Deal

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   |    Tuesday,August 30,2016

Chevron Corporation announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a binding LNG Sales and Purchase Agreement (SPA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas to China from Chevron’s global supply portfolio.

Under the terms of the SPA, ENN will receive up to 0.65 million metric tons per annum (MTPA) of LNG over 10 years, with the first delivery expected to start in 2018 or the first half of 2019.

The SPA delivery requirements are expected to be fulfilled by Chevron’s growing LNG portfolio, including the company’s Australian LNG interests at Gorgon, Wheatstone and the North West Shelf.

ENN LNG Trading Company Limited is one of the subsidiaries of ENN Energy Holding Ltd.

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