Chevron secures LNG delivery contract

China
Chevron late on Wednesday inked a key terms agreement with JOVO subsidiary Singapore Carbon Hydrogen Energy for LNG shipments. The US energy major is to supply 500 million tonnes per year for a duration of five years upon finalisation of the deal.

In its press release, Chevron said first deliveries, pending the final LNG sale and purchase agreement, are slated for 2018. They will help drive “the commercialisation of Chevron’s natural gas holdings,” the company’s executive vice-president, Mike Wirth, said. “We are positioned to become one of the top 10 LNG suppliers in the world.”

Founded in 1990, Chinese energy company Guangdong JOVO Group operates an LNG receiving terminal, pipeline lines and filling stations.

Recent Posts

Seatrium wins MODEC contract for Guyana-bound FPSO

Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More

16 hours ago

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

3 days ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

3 days ago

BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin

BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More

3 days ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

4 days ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

4 days ago

This website uses cookies.