Chesapeake Energy Continues Curtailing U.S. Gas Output Amid Low Prices, CEO Says
9/4/2024
(Reuters) — U.S. energy company Chesapeake Energy was still curtailing natural gas output, the company's CEO Nick Dell'Osso said at the Barclays CEO Energy-Power Conference on Wednesday.
Low U.S. gas prices so far in 2024 prompted Chesapeake and several other gas suppliers to cut output.
"We are curtailing volumes right now," Dell'Osso said. He noted, however, that he "would be surprised if we see the magnitude of volumes curtailed this fall that we saw in the spring, but it wouldn't shock me."
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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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