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
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets
