Chevron (CVX) Enters LNG Delivery Agreement with Tohoku
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Chevron Corporation (NYSE: CVX) today announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HOA) with Tohoku Electric Power Company Incorporated (Tohoku) for the delivery of liquefied natural gas (LNG) from the Chevron-operated Wheatstone natural gas project in Australia.
Under the agreement, Chevron, together with Apache Energy and Kuwait Foreign Petroleum Exploration Company (KUFPEC), is expected to deliver up to 1 million tons per annum (MTPA) of LNG to Tohoku for up to 20 years.
Under the agreement, Chevron, together with Apache Energy and Kuwait Foreign Petroleum Exploration Company (KUFPEC), is expected to deliver up to 1 million tons per annum (MTPA) of LNG to Tohoku for up to 20 years.
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