Sydney: Chevron has signed an agreement to supply Japanese utility Kyushu Electric Power with liquefied natural gas (LNG) from its Gorgon and Wheatstone projects in Australia.
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Kyushu Electric Power will receive 0.3m t/y of LNG from Gorgon for 15 years and 0.7m t/y from Wheatstone for 20 years. It will gain a further 0.1m t/y if it buys as planned a 1.83% stake in Wheatstone. The past couple of months have seen a vast amount of deals signed between Japanese utilities and Australian LNG producers, while the Chinese have been slow to cement deals Down Under. [29/01/10]
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