Chevron is a portfolio player in LNG
Chevron sees hydrogen future in LNG market
The company is working with Japanese utility Jera to replace parts of the LNG value chain with hydrogen
US major Chevron is joining other oil and gas firms in investigating ways to use its LNG expertise to develop the hydrogen sector over the next decade. Chevron has set a goal to reduce the carbon intensity of its scope one, two and three emissions, and its decarbonisation strategy revolves around using CCS, offsets and hydrogen. The firm has formed an increasingly large part of the LNG market since the US started exporting volumes in 2016, becoming what is known as a portfolio player—meaning it operates a trading desk buying and selling both its own volumes and those of others. The US major now wants to bring that commercial and shipping expertise to the hydrogen sector, according to Jeff Gu
Also in this section
6 January 2026
Shifts in government policy and rising power demand will shape the clean hydrogen sector as it attempts to gain momentum following a sluggish performance in 2025
23 December 2025
Government backing and inflow of private capital point to breakthrough year for rising star of the country’s clean energy sector
19 December 2025
The hydrogen industry faces an important choice: coordinated co-evolution or patched-together piecemeal development. The way forward is integrated co-evolution, and freight corridors are a good example
10 December 2025
Project developer Meld Energy ready to accelerate 100MW project in Humber region after securing investment from energy transition arm of private equity firm Schroders Capital
