Japan’s LNG trader and power generation firm, Jera, and US energy giant Chevron have signed a memorandum of understanding to work on carbon capture and storage (CCS) projects located in the US and Australia.
Chevron New Energies, a division of Chevron, and Jera signed the deal, according to a joint statement.
“This memorandum has the potential to expand the significant LNG relationship that Chevron and Jera have today, and further demonstrates the commitment and dedication both companies have to advancing lower carbon solutions,” the statement said.
Prior to this deal, Jera and Chevron announced in November 2022 that the two firms will collaborate in production, carbon capture, utilization, and storage, and new technology ventures focused on the US and Asia Pacific region.
Jera and Chevron are already partners in the latter’s Gorgon and Wheatstone LNG export projects in Australia.