Chevron Targets Short-Term LNG, Favors Argentina Over Venezuela

Chevron's global gas chief has shared insights into the company's short-term and long-term LNG strategies. According to an exclusive interview, Chevron is looking to add short-term LNG offtake volumes to provide buyers with 'diversity' of flexible supplies. This move aims to cater to diverse energy needs.

In the longer term, Chevron is 'excited' about LNG opportunities in Argentina, but notes that it will act as an offtaker rather than a project developer. Venezuela's emerging gas potential does not appear to be a priority for Chevron's capital allocation, according to the executive.