The Asia Vision is one of Chevron's new liquefied natural gas (LNG) carriers (Photo: Business Wire)
Chevron Corporation's Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas (LNG) to China from the Chevron-operated Gorgon natural gas project in Australia.
When the deal is finalized, ENN is expected to receive up to 0.5 million metric tons per annum (MTPA) of LNG over 10 years, with deliveries starting in 2018 or the first half of 2019.
'This is one more step in the development of our Australian gas business and our global LNG portfolio,' said Mike Wirth, executive vice president, Chevron Midstream and Development. 'It also represents further progress with new LNG buyers in China who are poised to transform the LNG landscape in that country.'
'As first LNG production from the Gorgon Project draws near, we welcome ENN as a new customer,' said Roy Krzywosinski, managing director, Chevron Australia. 'This deal shows the competitiveness of LNG supply from Chevron's Australian projects.'