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Chevron clinches third Gorgon deal, leaving China empty handed.

Publication: The Oil Daily
Publication Date: 09-DEC-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Chevron has signed a heads of agreement with Japanese utility Osaka Gas for the supply of 1.5 million tons per year of LNG from Australia's Gorgon project.

The deal--lasting 25 years from 2011--is Chevron's third such agreement in the last two months, and means it has wrapped up sales for more than 80% of its 5 million ton/yr entitlement, based on a 50% shareholding in Gorgon.

Chevron said it is discussing details for Osaka...

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