Chevron Australia has executed Sale and Purchase Agreements (SPAs) with Osaka Gas (1.375Mtpa for 25 years and 1.25 percent equity in the Gorgon Project), Tokyo Gas (1.1Mtpa for 25 years and 1 percent equity), Chubu Electric Power (1.44Mtpa for 25 years and 0.417 percent equity in the Gorgon Project) and GS Caltex of South Korea (0.5Mtpa for 20 years from Gorgon and Chevron system gas).
Kyushu Electric Power Company has also signed a Sales and Purchase Agreement to take delivery of up to 0.8 million tonnes of LNG per annum from the Wheatstone Project including a 1.83 percent equity share in the Wheatstone Field Licences and a 1.46 percent equity share in the onshore processing facilities.
Chevron Australia also has Heads of Agreements with Nippon Oil Corporation (0.3 Mtpa for 15 years).
As a participant in the North West Shelf Venture, Chevron also has existing long term relationships with Tokyo Electric, Tokyo Gas, Kansai Electric, Osaka Gas, Chubu Electric, Tohoku Electric, Chugoku Electric, Kyushu Electric, Toho Gas, Korea Gas and Chinese National Offshore Oil Company.
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