Chevron Announces US$60M in Gorgon LNG Contracts

摘要

Chevron Corp. officials announced three separate long-term sales agreements totaling Aus$70 billion (US$60.4 billion) to ship nearly 3 million tons of liquefied natural gas (LNG) per year from the Gorgon project in Australia to buyers in Asia. Terms call for Chevron to ship 1.375 million tons per year of LNG to Osaka (Japan) Gas over a 25-year period beginning in 2014 for a 1.25% equity stake in the project; 1.1 million tons per year of LNG to Tokyo Gas for 25 years beginning in 2014 for a 1% equity stake in Gorgon; and 500,000 tons per year of LNG to GS Caltex Corp., a Chevron affiliate, for up to 20 years.