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Chevron and Hokkaido Gas Co., Ltd. Sign LNG Agreement | Hellenic Shipping News Worldwide


Chevron and Hokkaido Gas Co., Ltd. Sign LNG Agreement
Chevron Corporation (NYSE: CVX) today announced its 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.
“We are delighted to design and execute a Sales and Purchase Agreement (SPA) with our new partner 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,” said John Kuehn, Presiden ....

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Tokyo Gas, gas users form alliance to boost use of carbon neutral LNG


By Reuters Staff
2 Min Read
TOKYO (Reuters) - Tokyo Gas Co Ltd and 14 other Japanese companies that use city gas have formed an alliance to enhance the use of carbon neutral liquefied natural gas (LNG) to help tackle climate change, they said on Tuesday.
Carbon neutral LNG typically involves companies supporting projects that reduce emissions to compensate for emissions generated from exploration and production.
The move, which comes as carbon reduction targets tighten around the world, may encourage global gas producers to offer cleaner supplies.
Members of the new Carbon Neutral LNG Buyers Alliance come from various industries and include Toshiba Corp, Isuzu Motors Ltd and Mitsubishi Estate Co Ltd. ....

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