Chevron has entered into an agreement with ENN LNG Trading Co. Ltd. for deliveries of LNG from the Gorgon project for a 10-year-period beginning in 2018 or early 2019.
After claiming the delivery of the first LNG cargo from the Gorgon project some days ago, Chevron Corporation yesterday announced that its 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. Chevron has entered into an agreement with ENN LNG Trading Co. Ltd. for deliveries of LNG from the Gorgon project for a 10-year-period beginning in 2018 or early 2019. As Chevron continues to grow into one of the world’s largest LNG suppliers, this HOA follows the recently announced non-binding LNG supply HoA with China Huadian Green Energy Co., Ltd.
The Gorgon Project is a joint venture of the Australian subsidiaries of Chevron (47.3 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and Chubu Electric Power (0.417 percent). The Gorgon Project combines the development of the Gorgon Field and the nearby Jansz-Io Field. Facilities being built on Barrow Island include an LNG facility with three processing units capable of producing 15.6 MTPA of LNG, a carbon dioxide injection project and a domestic gas plant.