Story from the Wall Street Journal.
U.S. energy company signs nonbinding agreement with China Huadian Green Energy Co.
MELBOURNE, Australia— Chevron Corp. has lined up a Chinese buyer for natural gas from its multibillion-dollar developments in northwestern Australia, helping shore up their commercial health as crude-oil prices hit multiyear lows.
Chevron said it had signed a nonbinding agreement with China Huadian Green Energy Co., a subsidiary of state-owned power company China Huadian Group, to supply up to 1 million metric tons of liquefied natural gas a year over 10 years.
