Chevron inks 5-year LNG supply deal with Japan’s Hokkaido Gas

A unit of US energy giant Chevron has signed a binding five-year deal to supply LNG to Japan’s Hokkaido Gas.

Under the deal, the firm’s unit Chevron U.S.A. Inc. via its Singapore branch will supply the Japanese firm with about a half million tons of LNG over a period of five years starting in April 2022.

In addition, Chevron said in a statement it would supply LNG from its global portfolio to Hokkaido Gas. The latter is an integrated energy company located in Japan’s Sapporo, which provides city gas, electricity but also other energy services in Hokkaido region.

The deal marks the first direct contract between Hokkaido Gas and an LNG producer. It is also Chevron’s first deal with a Japan firm since the final Wheatstone foundation deals in 2013.

John Kuehn, president of Chevron Global Gas, a division of Chevron U.S.A., said the supply deal with new partner Hokkaido Gas would bring Chevron LNG directly to Hokkaido, a “key growth area.”

He added the new deal broadens Chevron’s customer base in Japan, “a market that is foundational to our LNG business.”

Hokkaido Gas operates the Ishikari LNG terminal located on Japan’s second-largest island.

To remind, the city gas supplier recently received its first carbon-neutral LNG cargo at the terminal from compatriot trader Mitsui & Co.

Most Popular

Venture Global kicks off CP2 LNG site work

US LNG exporter Venture Global said it had initiated full mobilization and started site work at the company’s third LNG export facility, CP2 LNG.

Purus orders LNG carrier in South Korea

London-based Purus Marine has ordered one 180,000-cbm liquefied natural gas (LNG) carrier in South Korea.

Excelerate advances Vietnam LNG talks

US FSRU player Excelerate Energy is moving forward with its plans to supply Vietnam with liquefied natural gas (LNG) supplies from the US.

More News Like This

Chevron: production at first Wheatstone LNG train reduced due to maintenance

Production at the first liquefaction train of Chevron's Wheatstone LNG plant near Onslow has been reduced due to maintenance, a Chevron Australia spokesperson told LNG Prime on Tuesday.

Tokyo Gas to buy US shale gas stake from Chevron

Japan’s city gas supplier and LNG importer, Tokyo Gas, has agreed to buy a stake in a US shale gas development from energy giant Chevron.

Japan’s Hokkaido Gas eyes new LNG terminal

Hokkaido Gas said on Tuesday it has decided to study the development of a "carbon-neutral" hub at the Tomakomai...

Energy Transfer, Chevron ink long-term Lake Charles LNG deal

Energy Transfer LNG, has entered into a 20-year LNG sale and purchase agreement (SPA) with Chevron U.S.A., according to...