Report on Chevron’s LNG Operations and Contribution to Sustainable Development Goals

Strategic Partnerships for Global Energy Goals (SDG 7 & SDG 17)

Chevron’s strategic positioning in the global Liquefied Natural Gas (LNG) market demonstrates a commitment to fostering international cooperation and ensuring energy security, aligning with key Sustainable Development Goals.

• SDG 17 (Partnerships for the Goals): The company’s 75-year partnership with Japan exemplifies a long-term, cross-border collaboration. This relationship has been instrumental in securing the investment required for large-scale energy infrastructure.
• SDG 7 (Affordable and Clean Energy): By acting as one of Japan’s largest LNG suppliers, Chevron contributes to the nation’s energy security, a critical component of ensuring access to reliable and modern energy for all. The company’s reputation as a reliable operator underpins these international energy partnerships.

Infrastructure Development and Economic Growth (SDG 8 & SDG 9)

Significant investments in LNG projects have a direct impact on building resilient infrastructure and promoting sustained economic growth.

1. Gorgon Project (Australia): A Chevron-operated initiative that supports global energy supply chains.
2. Wheatstone Project (Australia): Another major project enhancing LNG production and export capacity.
3. Northwest Shelf Project (Australia): Chevron’s stake in this project further solidifies its role in the region’s energy sector.

These large-scale projects are a testament to the company’s contribution to SDG 9 (Industry, Innovation, and Infrastructure) by developing critical energy facilities. The investment and operational activities associated with these hubs also support SDG 8 (Decent Work and Economic Growth) by stimulating economic activity and supporting employment.

Global Asset Portfolio and the Energy Transition (SDG 7)

Chevron’s diverse natural gas holdings are strategically positioned to support the evolving global energy mix, directly addressing the objectives of SDG 7.

• Asia Pacific: Major LNG operations supporting regional energy demand.
• Eastern Mediterranean & West Africa: Significant natural gas holdings that diversify global supply.
• United States: An expanding presence from the Permian and DJ basins to the U.S. Gulf Coast strengthens domestic and international energy security.

This global portfolio enables Chevron to contribute to a stable energy transition, providing the natural gas necessary to power progress and meet the world’s evolving energy requirements sustainably.

Analysis of Sustainable Development Goals in the Article

1. Which SDGs are addressed or connected to the issues highlighted in the article?

1. SDG 7: Affordable and Clean Energy
   • The article’s central theme is the supply of Liquefied Natural Gas (LNG), a major energy source. It discusses Chevron’s role in supporting the “world’s evolving energy mix and energy security needs,” which directly relates to ensuring access to reliable and modern energy.
2. SDG 8: Decent Work and Economic Growth
   • The text mentions “investment support that enabled our large-scale projects like Gorgon and Wheatstone.” Such large-scale industrial projects are significant drivers of economic growth and job creation in the regions where they are developed. The phrase “powering progress” also alludes to economic development fueled by energy.
3. SDG 9: Industry, Innovation, and Infrastructure
   • The development of “strategically placed LNG hubs worldwide” and massive projects like “Gorgon and Wheatstone in Australia” represents the creation of resilient and critical energy infrastructure, which is a core component of this goal.
4. SDG 17: Partnerships for the Goals
   • The article explicitly highlights a long-term partnership: “For 75 years, Chevron has partnered closely with Japan, particularly on LNG supply.” This relationship is presented as a key enabler for investment and project development, showcasing a public-private partnership to achieve energy security goals.

2. What specific targets under those SDGs can be identified based on the article’s content?

1. Target 7.1: By 2030, ensure universal access to affordable, reliable and modern energy services.
   • Chevron’s stated role as a “reliable operator” and its position as one of “Japan’s largest LNG suppliers” directly contribute to the energy security and reliability of a major industrialized nation, aligning with the goal of ensuring reliable energy services.
2. Target 9.1: Develop quality, reliable, sustainable and resilient infrastructure…to support economic development and human well-being.
   • The mention of “large-scale projects like Gorgon and Wheatstone” and “strategically placed LNG hubs” points directly to the development of reliable energy infrastructure designed to support economic activity on a global scale.
3. Target 17.17: Encourage and promote effective public, public-private and civil society partnerships.
   • The article’s emphasis on the “75 years” partnership between Chevron, a private company, and Japan, a nation, which “helped build the investment support” for major projects, is a direct example of a long-standing and effective public-private partnership.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

1. Implied Indicator for Target 7.1: Consistency and volume of energy supply.
   • While no specific numbers are given, the article’s focus on Chevron being a “reliable operator” and one of “Japan’s largest LNG suppliers” implies that the volume and dependability of LNG shipments are key metrics for measuring their contribution to energy security.
2. Implied Indicator for Target 9.1: Investment in and operational capacity of energy infrastructure.
   • The article names specific “large-scale projects like Gorgon and Wheatstone” and “LNG hubs.” The existence and operational status of this infrastructure serve as a tangible indicator of progress in building the necessary facilities for energy supply.
3. Implied Indicator for Target 17.17: Longevity and outcomes of partnerships.
   • The “75 years” duration of the partnership with Japan is a direct, quantifiable indicator of a long-term, stable collaboration. The outcome, described as enabling “investment support” for major projects, is another measure of the partnership’s effectiveness.

Summary of Findings

Source: chevron.com