Chevron's Parfitt On LNG Market Outlook

The transcript discusses Chevron's efforts to avert a strike in Australia, emphasizing a win-win solution for all parties involved. It highlights the impact of global events like the Russia-Ukraine crisis on LNG market volatility and Chevron's role in balancing global supplies. The company is focused on connecting its global gas resources to markets in need, with projects in the US, Australia, Africa, and the Eastern Mediterranean. The outlook for the LNG market is more stable than a year ago, but volatility may persist until new supply projects come online in 2026-2027.

What is Chevron's approach to resolving the potential strike?

• Reducing employee benefits

• Finding a win-win solution

• Ignoring the demands

• Increasing gas prices

What major global event caused spikes in the gas market?

• The Russia-Ukraine crisis

• The US-China trade war

• The COVID-19 pandemic

• The Brexit negotiations

How is Chevron planning to balance global LNG supplies?

• By reducing production

• By increasing coal usage

• By focusing only on the US market

• By connecting gas resources to needed markets

Which regions are mentioned as having significant gas demand?

• Africa and South America

• Europe and Asia

• Australia and Antarctica

• North America and the Arctic

What is the expected timeline for new LNG projects to impact the market?

• 2023-2024

• 2028-2029

• 2026-2027

• 2024-2025

What factor has contributed to a less fragile LNG market this year?

• Mild winters in Europe and Asia

• Decreased global demand

• Increased coal usage

• Higher gas prices

What role does Chevron play in the global LNG market?

• A regulator of prices

• A major consumer

• A key player in balancing supplies

• A minor supplier