#Chevron to sell LNG to Tohuku
Chevron Australia says it has signed a deal to sell liquefied natural gas (LNG) from its Wheatstone project to a Japanese firm, the Business Spectator reported.
The managing director of the oil giant’s Australian unit Chevron Australia, Roy Krzywosinski, told reporters in Adelaide on Sunday Tohuku Electric Power Co had agreed to buy up to one million tonnes of LNG a year for 20 years.
Mr Krzywosinski said the non-binding agreement meant some 80 per cent of the gas from the Wheatstone project, situated about 12 kilometres west of Onslow on the Pilbara coast of Western Australia, had been covered under long-term agreements with customers in Asia.
"This provides further momentum for the Wheatstone project," Mr Krzywosinski said.
"The market continues to be strong for conventional LNG projects."
Fuel shipments from the project were due to begin in 2016, he said.
Other companies that have agreed to purchase LNG from the Wheatstone project included Tokyo Electric Power Company, which was for 3.1 million tonnes per annum for up to 20 years.
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