Chevron Corp. CVX has entered into a deal with Alinta Energy to supply Wheatstone natural gas in Western Australia. Alinta Energy is headquartered in Sydney, New South Wales.Specifically, Chevron will likely sell 20 petajoules of natural gas every year from 2020 onward to Alinta Energy for a period of seven years.The Wheatstone development is anticipated to commence supplying natural gas in Western Australia from 2018 onward. It is to be noted that Chevron will provide gas through the Dampier to Bunbury pipeline.The project, which is under construction, will likely provide 200 terajoules of natural gas every day at its full capacity to the domestic market. Most importantly, a quarter of the gas at the development’s peak capacity will be supplied to Alinta.Chevron believes that this agreement will help it to boost its domestic natural gas supply business.San Ramon, CA-based Chevron is one of the largest publicly traded oil and gas companies in the world, based on proved reserves. It is engaged in oil and gas exploration and production, refining and marketing of petroleum products, manufacturing of chemicals, and other energy-related businesses. Most importantly, the company’s oil and gas development project pipeline is among the best in the industry.However, with crude prices still at low levels, Chevron’s upstream division has been able to extract less value for its products. This has put pressure on the group’s profit margins.As a result, Chevron currently carries a Zacks Rank #3 (Hold), implying that it will perform in line with the broader U.S. equity market over the next one to three months.Some better-ranked players in the energy sector are Suncor Energy Inc. SU, PetroChina Co. Ltd. PTR and Antero Resources Corporation AR. Each of these stocks sports a Zacks Rank #1 (Strong Buy).Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SUNCOR ENERGY (SU): Free Stock Analysis Report CHEVRON CORP (CVX): Free Stock Analysis Report PETROCHINA ADR (PTR): Free Stock Analysis Report ANTERO RESOURCE (AR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research