Chevron Corp. (CVX) has signed a contract to supply Chubu Electric Power Co. (9502.TO) with liquefied natural gas from the Wheatstone Project in Western Australia.
Chevron Corp. (CVX) has signed a contract to supply Chubu Electric Power
Co. (9502.TO) with liquefied natural gas from the Wheatstone Project in
Western
Australia
.
Chevron and Wheatstone partners Apache Energy and Kuwait Foreign Petroleum
Exploration will supply Chubu with 1 million metric tons a year for up to 20
years, Chevron said in a statement late Thursday. It didn't state when
deliveries will begin.
Chevron is operator and 64.14% owner of the project. Apache Energy holds 13%
and Kuwait Foreign Petroleum Exploration 7%; several other companies hold the
remainder.
Chevron also holds an 80.17% equity interest in the Wheatstone and Iago fields
that provide 80% of the Wheatstone Project's feedgas.
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