LNG / CNG | General News | Midstream - Supply & Logistics | Contract Awarded
Chevron Signs LNG Supply Deal with JOVO Subsidiary
Chevron Corporation announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a Key Terms Agreement with Singapore Carbon Hydrogen Energy Pte. Ltd., a subsidiary of JOVO, for the delivery of liquefied natural gas (LNG) from Chevron’s global supply portfolio.
When the LNG Sale and Purchase Agreement is finalized, JOVO is expected to receive up to 0.5 million metric tons per annum of LNG over five years, with the first delivery expected to arrive in 2018.
Mike Wirth, executive vice president, Chevron Midstream and Development, said: "This agreement is another important step in the commercialization of Chevron’s natural gas holdings. We are positioned to become one of the top 10 LNG suppliers in the world."
Category | 2023 | 2024Est. Initial | Updated 2024 Guidance | %Difference (2023 vs 2024) |
Total Capital Expenditure($mm) |
Production Daily Equivalent(boe/d) |
Related Categories :
LNG / CNG
More LNG / CNG News
-
Conoco Seals $1.4B Deal with Origin for Australia Pacific LNG Interest
-
Chevron Inks LNG Deal with Hokkaido Gas Co.
-
Pieridae Energy Third Quarter 2020 Results
-
Kinder Morgan, EIG Put Final Stage of Elba LNG Expansion In-Service
-
US LNG Cargoes Face Cancellations for August
International News >>>
-
Touchstone Exploration, Inc., First Quarter 2023 Results -
-
ExxonMobil Fourth Quarter, Full Year 2022 Results -
-
Kosmos Energy Second Quarter 2022 Results -
-
Schlumberger 2Q: Revenues Grow 20% YOY, Outlook Strengthens -
-
HAL 2Q: North America Revenue Up 26%; Demand to Remain Strong in 2023 -