Subscribe to RSS feedChevron LNG deal puts Ashburton North port in frame
CHEVRON and Tokyo Electric Power Company (Tepco) have signed a heads of agreement for the delivery of 4.1m tonnes a year (mtpa) of liquefied natural gas (LNG) for up to 20 years from the Wheatstone natural gas project.
Though neither company put a price on the deal, Western Australian premier Colin Barnett signalled it was about $90bn. Under the agreement, Tepco also intends to acquire 15% of Chevron’s equity share in the licenses over the Wheatstone field and...
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