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HOKKAIDO GAS CO., LTD.

(9534)
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Hokkaido Gas : Chevron to supply LNG to Japan's Hokkaido Gas

04/07/2021 | 04:40am EDT

April 7 (Reuters) - Chevron Corp's unit will supply liquefied natural gas (LNG) to Japan's Northern Hokkaido prefecture, via a deal with Hokkaido Gas Co Ltd, the oil major said on Wednesday.

Chevron U.S.A. will supply about a half million tons of LNG over a period of five years starting April 2022 to Japan-based Hokkaido Gas, the company said in a statement.

The second-largest U.S. oil producer said its partnership with Hokkaido Gas will broaden its customer base in Japan, a market that is foundational to Chevron's LNG business.

The deal enables Chevron in "diversifying energy solutions and advancing a lower carbon future in the Hokkaido area," said John Kuehn, president of Chevron Global Gas, a division of Chevron U.S.A. (Reporting by Juby Babu in Bengaluru; Editing by Shailesh Kuber)


© Reuters 2021
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04/07CHEVRON† : Unit Agrees to Supply Liquefied Natural Gas to Hokkaido Gas in Japan
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04/07HOKKAIDO GAS† : Chevron to supply LNG to Japan's Hokkaido Gas
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Financials
Sales 2020 126 B 1 161 M 1 161 M
Net income 2020 3 954 M 36,3 M 36,3 M
Net Debt 2020 77 246 M 710 M 710 M
P/E ratio 2020 6,90x
Yield 2020 3,24%
Capitalization 27 118 M 249 M 249 M
EV / Sales 2019 0,85x
EV / Sales 2020 0,83x
Nbr of Employees 1 399
Free-Float 84,2%
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Managers and Directors
NameTitle
Hiroshi Ohtsuki President & Representative Director
Hiroaki Tsuchiya Director & General Manager-Technology
Hidetoshi Nakagami Independent Outside Director
Miyako Okada Independent Outside Director
Morihito Suenaga Director, Manager-Personnel & General Affairs
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