• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Chevron Australia signs long-term gas supply deal with Alcoa

by December 17, 2024
written by December 17, 2024

(Reuters) – U.S. oil giant Chevron (NYSE:CVX)’s Australian unit said on Tuesday it would supply a total of 130 petajoules of gas to aluminium producer Alcoa (NYSE:AA) over a 10-year period starting 2028.

The gas will be supplied from Chevron’s 530 terajoules-a-day Gorgon and Wheatstone facilities, and North West Shelf Venture in the state of Western Australia, Chevron Australia said in a statement.

Separately, Alcoa said the gas would be used to power its alumina refineries in Western Australia.

Alcoa had previously secured gas supply deals with Chevron, Warrego Energy and Exxon Mobil (NYSE:XOM) in 2020 to power its Kwinana, Pinjarra and Wagerup alumina refineries in the state from 2024 onwards.

However, the aluminium company said in January that it would stop production at the Kwinana refinery, citing challenging market conditions and the facility’s age.

A spokesperson from Alcoa said an unexpected gas disruption and subsequent power outage at its Pinjarra Alumina (OTC:AWCMY) Refinery on Tuesday had impacted process flow.

“Alcoa continues to restore refining operations at the site and the cause of the disruption is being investigated,” the spokesperson said.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Walmart partners with delivery firm Meituan in China
next post
Asia stocks mixed ahead of major interest rate decisions, China’s weak data drags

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!








    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • China outlines more controls on exports of rare earths and technology

      October 10, 2025
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

      October 7, 2025
    • YouTube to pay $24 million to settle Trump lawsuit

      October 1, 2025
    • Charlie Javice sentenced to 7 years in prison for fraudulent $175M sale of aid startup

      October 1, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (651)
    • Stock (6,426)

    Latest News

    • China outlines more controls on exports of rare earths and technology
    • Paramount acquires Bari Weiss’ The Free Press, naming her the top editor of CBS News

    Popular News

    • Equity prices to continue march higher this year, Wells Fargo says
    • Earnings call: Aviat Networks reports mixed Q1 FY2025 results amid challenges

    About The Significant deals

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy