Chevron Inks LNG Deal With Japan

Chevron Corp. has signed a sale and purchase agreement with Japan’s Hokkaido Gas Co. Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global LNG portfolio to the Hokkaido area. Under the agreement, Chevron will supply Hokkaido Gas with about a half million tons of LNG over a period of five years starting April 2022.

“We are delighted to design and execute a sales and purchase agreement (SPA) with our new partner Hokkaido Gas that will bring Chevron LNG directly to Hokkaido, a key growth area. It broadens our customer base in Japan, a market that is foundational to our LNG business,” said John Kuehn, President of Chevron Global Gas, a division of Chevron.