Chevron to supply 46 PJ of gas to Alinta from 2027, not LNG exports
Chevron has agreed to supply 46 petajoules of pipeline gas to Alinta Energy from July 1, 2027, drawing its equity interests in the Gorgon, Wheatstone and North West Shelf LNG projects. The accord covers pipeline gas, not LNG export cargoes, as the competition between local supply obligation and LNG exports intensifies.
Hormuz blockade risk, US toll threat lift TTF winter prices
Bullishness abounds for LNG prices and winter 2026/27 contracts at Europe’s benchmark TTF gas trading hub after US President Donald Trump threatened to impose a US toll on shipments through the Strait of Hormuz. For spot prices, the sell-off after the peace memorandum was short-lived.
Chevron: Australia lacks capacity to meet Asia’s LNG needs
Australian LNG exporters are falling short on meeting Asian demand due to a lack of capacity that partially stems from an uncertain investment environment. “The first question from buyers always is, can you do more?...
Chevron takes FID on Israel’s Leviathan field expansion
US oil giant Chevron has taken a final investment decision (FID) to expand gas production at the Leviathan field in Israel in a bid to boost gas supplies to neighbouring Egypt, which exports LNG to European buyers.
Supermajors to rein in buybacks if oil stays below $70
Lower oil prices are eroding profit margins of global oil and gas companies, forcing deeper structural cost cuts and threatening share buyback programs. If oil prices stay below $70 per barrel, supermajors’ free cash flow could plunge by up to 30 percent in 2026, Wood Mackenzie forecasts.
Chevron and partners advance Gorgon LNG Phase-3
Chevron Australia and its partners in the Gorgon Joint Venture – ExxonMobil and Shell – have taken a Final Investment Decision (FID) on Gorgon Phase-3 off the West Australian coast.
Chevron more bearish on oil prices than LNG
Chevron expects oil prices to face more downward pressure than LNG in 2026. Though markets are adjusting to a wave of new liquefaction capacity, Chevron CEO Mike Wirth is convinced that “LNG has stronger fundamentals [than oil].”
Growing gas deficit forces Egypt to arrange more LNG imports
Egyptian Natural Gas Holding Company (EGAS) strives to source more LNG to meet the country’s growing gas deficit via a second floating regas terminal. The ‘Energos Winter’ FSRU, chartered from New Fortress Energy, is currently en route to Damietta Port, where it will join the Energos Eskimo before the end of August.
Shale gale set for growth beyond the US
ExxonMobil, Chevron, ConocoPhillips and Occidental Petroleum have cemented the shale gale in the US, home to 80% of global unconventional oil and gas production. Yet, fracking makes inroads in Saudi Arabia, China, Argentina.
Chevron steps up offtake from Lake Charles LNG by 1 mtpa
Chevron has agreed to offtake an additional 1 mtpa from Energy Transfer's Lake Charles LNG export terminal. The 20-year agreement increases Chevron’s contracted volumes to 3 mtpa, as the US oil major seeks to expand its global gas business.
