Chevron (CVX) - Get Chevron Corporation Report plans to sell three of its gas fields located in Bangladesh for an estimated $2 billion to a Chinese consortium, Reuters reports. 

Chevron will sell the fields to China's Himalaya Energy, owned by a consortium comprising state-owned China ZhenHua Oil and investment firm CNIC Corp.

The deal would mark China's first substantial energy investment in the South Asian country. The gas fields account for more than half of the total gas output in Bangladesh. 

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"The agreement is for the sale of Chevron's Bangladesh companies, which hold our interests in Bangladesh," a company spokesman told Reuters. "The value of the transaction is not being disclosed and we are not at liberty to share the details of the agreement."

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