Chevron signs agreement to sell LNG from $54bn Gorgon project

Under the terms of the agreement, SK LNG Trading will receive 4.15 million tons of LNG over a five-year period commencing in 2017.

Chevron will provide 75% of its LNG from the Gorgon project to customers in Asia during the agreement’s period.

Chevron Australia managing director Roy Krzywosinski said: "We are pleased with the opportunity to supply LNG to SK and look forward to building lasting relationships with our customers in the region as the Gorgon and Wheatstone projects move into operations.

"SK joins our existing strong LNG customer base and demonstrates the Chevron-led Gorgon and Wheatstone projects are well-placed to meet the growing demand for natural gas in the Asia Pacific region."

A joint venture of the Australian subsidiaries of Chevron, ExxonMobil, Shell, Osaka Gas, Tokyo Gas and Chubu Electric Power, the Gorgon project combines the development of the Gorgon field and the nearby Jansz-Io field.

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