Rigzone · March 6, 2026 · 1 min read

Chevron Inks 5-Year Deal to Supply Aussie Gas to Horizon Power

Analysis

OilCyprus Editorial

Chevron has secured a 5-year agreement to supply approximately 14 petajoules of natural gas to Horizon Power, a utility company in Western Australia. This deal ensures a stable gas supply for Horizon Power and reinforces Chevron's position as a key gas supplier in the region.

Key Facts

Chevron will supply 14 petajoules of natural gas over 5 years.
The gas will be locally produced in Western Australia.
Horizon Power is the recipient, a power utility serving Western Australia.

Market Impact

This agreement demonstrates the continued importance of natural gas in the energy mix, particularly in regions like Western Australia. It highlights the ongoing demand for gas to support power generation and reinforces the role of major players like Chevron in meeting this demand. The deal also provides a degree of stability and predictability for both Chevron and Horizon Power.

Why This Matters

This deal showcases the ongoing role of gas in regional power generation and the importance of long-term supply agreements for energy security.

Read on Rigzone