Chevron signs LNG supply agreement with ENN

Chevron signs LNG supply agreement with ENN

10:14 AM, 30th August 2016
Chevron signs LNG supply agreement with ENN

SAN RAMON, US: Chevron Corporation said that its wholly-owned subsidiary, Chevron USA 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 (LNG) to China from Chevron’s global supply portfolio.

Under the terms of the agreement, ENN will receive up to 0.65 million metric tonnes 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.

“Chevron’s commitment to gas is clear. We’ve been in the natural gas business for more than 100 years, and we’re positioned to become one of the top LNG suppliers in the world. This SPA further demonstrates our work to expand our customer base, our strong customer relationships and our commitment to partnerships around the world,” said Mike Wirth, executive VP, Chevron midstream and development.

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