Chevron & GS Caltex sign SPA for LNG to South Korea

Chevron U.S.A. Inc, has signed a Sales and Purchase Agreement with GS Caltex Corporation for the delivery of LNG to South Korea from Chevron’s global supply portfolio.

As a joint venture between Chevron and GS Energy, GS Caltex has signed a long-term agreement and will begin receiving LNG in October 2019.

Chevron’s President of Global Gas, Hugh Connett stated the agreement is another indication of the significance of the long-standing relationship between Chevron and GS Caltex.

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

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