Chevron, Hokkaido Gas sign LNG deal
Chevron Corp has signed a five-year LNG supply agreement with Japanese utility Hokkaido Gas, it said on April 7.
Under the agreement, Chevron USA, a unit of Chevron, will supply Hokkaido Gas with about 0.5mn metric tons/year of LNG over a period of five years starting April 2022.
“We are delighted to design and execute a sale and purchase agreement with our new partner Hokkaido Gas that will bring Chevron LNG directly to Hokkaido, a key growth area,” said John Kuehn, president of Chevron Global Gas. “It broadens our customer base in Japan, a market that is foundational to our LNG business.”
Hokkaido Gas is an integrated energy company located in Sapporo, Japan, which provides city gas, electricity and other energy services in the Hokkaido region.