Chevron Signs New Gas Agreement with GS Caltex
February 13 2019 - 10:16PM
Business Wire
Chevron U.S.A. Inc, a wholly owned subsidiary of Chevron Corp,
announced the signing of a sales and purchase agreement with GS
Caltex Corporation for the delivery of liquefied natural gas (LNG)
to South Korea from Chevron’s global supply portfolio.
As a joint venture between Chevron and GS Energy, GS Caltex has
signed a long-term agreement and will begin receiving LNG in
October 2019.
Chevron’s President of Global Gas, Hugh Connett stated the
agreement is another indication of the significance of the
long-standing relationship between Chevron and GS Caltex.
“We’re proud of our partnership with GS Caltex and we welcome
this opportunity to build on that relationship by supplying LNG to
South Korea’s growing market,” Connett said.
Chevron has an existing LNG sales and purchase agreement with GS
Caltex executed in 2009.
Chevron Corporation is one of the world's leading integrated
energy companies. Through its subsidiaries that conduct business
worldwide, the company is involved in virtually every facet of the
energy industry. Chevron explores for, produces and transports
crude oil and natural gas; refines, markets and distributes
transportation fuels and lubricants; manufactures and sells
petrochemicals and additives; generates power; and develops and
deploys technologies that enhance business value in every aspect of
the company's operations. Chevron is based in San Ramon, Calif.
More information about Chevron is available at www.chevron.com
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Cam Van Ast (Perth) +61 8 9216 4462
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