Chevron is a portfolio player in LNG
Chevron sees hydrogen future in LNG market
The company is working with Japanese utility Jera to replace parts of the LNG value chain with hydrogen
US major Chevron is joining other oil and gas firms in investigating ways to use its LNG expertise to develop the hydrogen sector over the next decade. Chevron has set a goal to reduce the carbon intensity of its scope one, two and three emissions, and its decarbonisation strategy revolves around using CCS, offsets and hydrogen. The firm has formed an increasingly large part of the LNG market since the US started exporting volumes in 2016, becoming what is known as a portfolio player—meaning it operates a trading desk buying and selling both its own volumes and those of others. The US major now wants to bring that commercial and shipping expertise to the hydrogen sector, according to Jeff Gu
Also in this section
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now
4 December 2024
European Hydrogen Bank’s second auction opens amid uncertainty over green hydrogen sector’s near-term prospects
4 December 2024
Chinese developers are latest to enter the fray as country’s pipeline of green hydrogen projects implies potential investment of $28b by end of decade
27 November 2024
The clean hydrogen sector has endured a difficult year, but it will end 2024 better equipped to fulfil its long-term potential
