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Transactions - APRIL 7, 2021

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Chevron strikes agreement with Japan’s Hokkaido Gas

by Kali Persall

Chevron U.S.A. Inc. (CUSA), a wholly-owned subsidiary of Chevron Corp., has signed a binding sale and purchase agreement with Hokkaido Gas Co., an integrated energy company located in Sapporo, Japan.

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. The gas will be delivered from Chevron’s global LNG portfolio to the Hokkaido area.

“We are delighted to design and execute a sales and purchase agreement with our new partner Hokkaido Gas that will bring Chevron LNG directly to Hokkaido, a key growth area,” said John Kuehn, president of Chevron Global Gas, a division of CUSA. “It broadens our customer base in Japan, a market that is foundational to our LNG business.”

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