New supply agreement for Chevorn’s Gorgon LNG

Chevron will supply Korean SK Group with 4.15 million tonnes
of LNG over five years as per a new agreement.

The gas producer said this means 75 per cent of LNG from
Gorgon would go to customers in Asia betweem 2017 and 2022.

Chevron gas and midstream president Pierre Breber said the new
Sales and Purchase Agreement (SPA) was an important step in the commercialization
of their natural gas holdings in Australia.

“As Chevron continues to grow into one of the world’s
largest LNG suppliers, this SPA represents further progress and diversification
of our sales portfolio,” he said.

Chevron Australia MD Roy Krzywosinski said SK had joined a
strong customer base demonstrating Chevron projects would meet growing gas
demands in the Asia-Pacific region.

“We are pleased with the opportunity to supply LNG to SK and
look forward to building lasting relationships with our customers in the region
as the Gorgon and Wheatstone projects move into operations,” he said.

Three gas plants are currently being built fort the Gorgon
Project on Barrow Island, which will be capable of producing 15.6 million
tonnes of LNG per year.

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