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
21 March 2025
European Hydrogen Bank auction is four times oversubscribed, while industry remains on pause in US amid IRA subsidy uncertainty
21 March 2025
The country is engaging with potential investors from North America and China as it refines its auction process to reflect shifting dynamics in green hydrogen, Hydrom’s managing director tells Hydrogen Economist
13 March 2025
Government awards €1.21b of funding to seven large-scale projects as it chases capacity target of 12GW by 2030
12 March 2025
Speakers at this year’s CERAWeek conference noted the growing interest in green hydrogen, but hurdles such as cost remain to its adoption at scale
