Chevron Focuses on Direct Gas Sales Instead of LNG Plant Investment
CVXChevron(CVX) ZACKS·2024-09-23 21:25

Chevron Corporation (CVX) has taken a decisive step in its energy strategy by choosing not to invest in a U.S. liquefied natural gas (LNG) plant. Instead, the company is shifting its focus toward selling gas directly to the market, taking full advantage of the United States’ expansive midstream market. This strategic choice, which reflects the company's long-term goals in natural gas monetization without the need for LNG conversion infrastructure, is significant for CVX and the LNG sector as a whole. Chevro ...