Chevron Considers Argentina and Mediterranean Expansion as LNG Portfolio Grows

Chevron is exploring opportunities to expand its global natural gas portfolio in Argentina and the eastern Mediterranean, aiming for a total LNG supply capacity of 20 million metric tonnes per annum. This expansion is driven by the need for supply diversification following recent geopolitical disruptions affecting gas markets. The company is also evaluating projects in Australia, Africa, and India, while considering capital allocation against other investments like those in Venezuela.