Chevron (CVX) will no doubt rise, especially now that it has secured a strong foothold in the supply of Japan’s demand for liquefied natural gas (LNG). News has it that Chevron has signed a contract with Tohuku Electric Power, a Japanese utility company, to supply it 1,000,000 metric tonnes of Liquified Natural Gas. The supply of the LNG will come from its huge Wheatstone project in Australia. According to Roy Krywosinski, the managing director for Chevron in Australia “This off-take agreement for Wheatstone demonstrates our Australian LNG projects are in the right geographic location at the right time to meet Asia’s rapidly growing demand for cleaner burning natural gas.”

Japan had made the decision to move away from the use of nuclear energy and toward LNG fuel last year. The change in fuel was necessitated by the ugly realization of the dangers posed by nuclear energy after the country experienced a major nuclear disaster in Fukushima. This new demand for LNG has made Japan a hot market because Japan completely closed down the last of its nuclear plants last week, leaving the energy sector deficient of the 30% power that was previously generated by these nuclear plants.

However, Chevron is not the only one that will benefit from the open doors in Japan because its competitors, such as ConocoPhillips (COP) and Apache (APA), are also set to supply some of the demand to Japan at least for the next 20 years. To continue reading, click here.