Chevron Corporation’s wholly-owned subsidiary Chevron U.S.A. Inc. (Singapore Branch) (CUSA) has signed a binding Sale and Purchase Agreement (SPA) with Hokkaido Gas Co., Ltd. for the delivery of liquefied natural gas (LNG) from Chevron’s global LNG portfolio to the Hokkaido area.
Under the agreement, CUSA will supply Hokkaido Gas with about a half-million tons of LNG over a period of five years starting April 2022.
John Kuehn, President of Chevron Global Gas, a division of CUSA, said that the company is delighted to design and execute an SPA with Hokkaido Gas that will bring Chevron LNG directly to Hokkaido, a key growth area.
“It broadens our customer base in Japan, a market that is foundational to our LNG business. This new SPA represents Chevron’s commitment to collaborate with Hokkaido Gas in diversifying energy solutions and advancing a lower carbon future in the Hokkaido area,” Mr Kuehn said.
Hokkaido Gas is an integrated energy company located in Sapporo, Japan which provides city gas, electricity and other high value-added energy services in Hokkaido region.