Chesapeake Energy Signs LNG Export Deal with Gunvor, Delfin
2/13/2024
(Reuters) — Chesapeake Energy has entered a long-term LNG export deal with Delfin LNG and global energy trader Gunvor Group, the U.S. natural gas producer said on Tuesday.
Chesapeake, which has agreed to acquire smaller rival Southwestern Energy in a $7.4 deal billion, will buy about 0.5 million tonnes (mtpa) of LNG per annum from Delfin and deliver it to Gunvor for 20 years.
The contract is scheduled to start in 2028.
The volumes in Tuesday's agreement will represent 0.5 mtpa of a 2 mtpa agreement signed last year with Gunvor, Chesapeake said.
U.S. was the top LNG exporter last year after Europe imposed sanctions on Moscow over Russia's invasion of Ukraine.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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