Chevron Inks LNG Supply Deal with South Korea's GS Caltex

Chevron USA, a wholly owned subsidiary of Chevron Corp, has signed a sales and purchase agreement with South Korea’s GS Caltex Corporation for the delivery of LNG from Chevron’s global supply portfolio.

As a 50: 50 joint venture between Chevron and GS Energy, GS Caltex has signed a long-term agreement and will begin receiving LNG in October 2019, Chevron said February 13 with giving any more details about the deal.

Chevron has an existing LNG sales and purchase agreement with GS Caltex executed in 2009.