LNG

Chevron Corp. expects 2022 it be better than last year with improving Permian Basin activities and steady flows of cargoes from the US major’s two operated liquefied natural gas plants in Western Australia as the company also addressed LNG futures trading and other issues.

Chevron Corp., one of the world’s leading LNG production companies with three operated plants in Australia and Angola, said it would spend $14 billion in 2021, mainly targeted at its upstream activities, including the US shale assets in the Permian Basin.