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Chevron News
CHEVRON: IMPORTANCE OF NATURAL GAS AS AN ENERGY SOLUTION
As demand for natural gas continues to grow, liquefied natural gas (LNG) is set to play a key part in helping lead the world to a lower carbon future.
Chevron’s Wheatstone Project in Australia includes two LNG trains.
Clay Neff, president of international exploration and production, explained during CERAWeek that LNG will serve as an important energy source today and into the future. “The world is going to need all forms of energy, and natural gas will continue to play a fundamental role,” Neff said.
Natural gas is a fuel used to generate heat and electricity. When lowered to a temperature of -260° F (-162° C), natural gas becomes LNG, making it easier to transport and store. It powers critical industries across the world, and its use is only expected to grow. Switching from coal to natural gas for power generation can help lower carbon emissions.
Chevron already has a robust global LNG business. This includes LNG production in:
Clay Neff, president of international exploration and production, explained during CERAWeek that LNG will serve as an important energy source today and into the future. “The world is going to need all forms of energy, and natural gas will continue to play a fundamental role,” Neff said.
Natural gas is a fuel used to generate heat and electricity. When lowered to a temperature of -260° F (-162° C), natural gas becomes LNG, making it easier to transport and store. It powers critical industries across the world, and its use is only expected to grow. Switching from coal to natural gas for power generation can help lower carbon emissions.
Chevron already has a robust global LNG business. This includes LNG production in:
- Western Australia
- Angola
- Equatorial Guinea
- Eastern Mediterranean
It is increasing production in other parts of the world, such as the U.S., to distribute LNG more widely.
Neff said Chevron’s LNG business is growing along with world energy needs. “The global population is expanding and so is access to electricity. Both factors will drive increased demand for energy,” he said. “This energy needs to be lower carbon, and renewables cannot support this demand alone.”
Neff said Chevron’s LNG business is growing along with world energy needs. “The global population is expanding and so is access to electricity. Both factors will drive increased demand for energy,” he said. “This energy needs to be lower carbon, and renewables cannot support this demand alone.”
