Demand for natural gas is growing worldwide, presenting energy companies with new opportunities to develop and commercialize their natural gas assets. Chevron is well positioned to meet escalating demand. The company is one of the world's largest producers of natural gas, with resources spanning six continents, which include some of the world's most prolific natural gas basins in Australia and western Africa.*

Although world gas resources are plentiful, the regions with natural gas surpluses are often oceans away from the greatest demand. Chevron has the capabilities to meet the challenge of developing resources and delivering natural gas to markets where consumption is growing. The company has built an integrated gas business with expertise in exploration and production, liquefaction, shipping, regasification, pipeline operations, gas marketing, power generation and gas-to-liquids technology.

Chevron's Global Gas (CGG) organization partners with the company's exploration, production and downstream businesses to commercialize gas resources, acquire new growth opportunities and generate value at each link of the gas value chain. Where Chevron has significant gas resources, it is pursuing projects to build liquefaction facilities that will cool natural gas into a liquid so it can be shipped safely long distances to growing markets. On the receiving end, Chevron is securing capacity in natural gas receiving facilities, where the liquefied natural gas can be heated to its gaseous state and delivered to customers through pipeline systems.

CGG is also developing a gas-to-liquids (GTL) business as another alternative for resource holders to commercialize gas resources. A joint venture between Chevron and Sasol Synfuels International combines the two companies' technical strengths to enable the conversion of natural gas to liquid products, including GTL diesel fuel. GTL diesel is distinguished by its higher performance and lower environmental impacts when compared to traditional diesel fuels.

Read About Chevron's Liquefied Natural Gas and Gas-to-Liquids Projects

What Is Natural Gas?

*The rules of the United States Securities and Exchange Commission (SEC) permit oil and gas companies to disclose in their filings only proved reserves. Terms such as "resources" are not permitted to be used in filings with the SEC. U.S. investors should refer to disclosures in Chevron's Annual Report on Form 10-K for the year ended December 31, 2006.