Chevron has signed binding long-term Sales and Purchase Agreements (SPAs) with Tohoku Electric to supply LNG from the Chevron-operated Wheatstone project in Western Australia. Under the agreements, Chevron subsidiaries, together with subsidiaries of Apache Energy and Kuwait Foreign Petroleum Exploration Company, will supply Tohoku with 0.9 Mt/year of LNG for up to 20 years.
The Wheatstone Project is located at Ashburton North, west of Onslow in Western Australia. The project will consist of two LNG trains with a combined capacity of 8.9 Mt/year and a domestic gas plant. Currently under construction, it should be commissioned in 2016-2017. Gas deliveries under this contract could then last until 2036-2037. The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron (64.14%), Apache Energy (13%), Kuwait Foreign Petroleum Exploration Company (7%), Shell (6.4%), and Kyushu Electric (1.46%), together with PE Wheatstone (8%).