Chevron turns to LNG trading, seals SPAs with Cheniere and Venture Global

Tuesday, 05 July 2022

US oil major Chevron has taken steps to boosts its position in global LNG trading, having just signed cargo supply agreements with Cheniere Energy and newcomer Venture Global. With the latter, Chevron signed two 20-year Sales and Purchase Agreements (SPAs) with a volume of 2 million tons per annum (mtpa) and Chevron will also buy 2 mtpa from Cheniere’s Sabine Pass LNG terminal and Cheniere’s Marketing arm in two separate SPAs.

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