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Stock Market & Financial Investment News

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March 28, 2013
12:04 EDTCVXChevron and Chubu Electric sign Wheatstone LNG agreements
Chevron (CVX) announced that its Australian subsidiaries have signed binding long-term Sales and Purchase Agreements with Chubu Electric Power Company for liquefied natural gas from the Wheatstone Project in Western Australia. Under the agreements Chevron, together with Apache Energy and Kuwait Foreign Petroleum Exploration Company, will supply Chubu with 1M tons per annum of LNG for up to 20 years. Joe Geagea, president, Chevron Gas and Midstream, said, "Chubu, one of the world's leading LNG customers, is now a partner and customer of the Chevron-operated Gorgon Project. We are pleased to expand the strong partnership between our two companies with these SPAs for Wheatstone LNG."
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