Chesapeake Energy signs LNG export deal with Gunvor, Delfin (updated)

Southwestern Energy Co

13/02/2024 14:37

(Adds details on agreement and background in paragraphs 2-7)
       Feb 13 (Reuters) - Chesapeake Energy  CHK.O  has entered
a long-term liquefied natural gas (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  SWN.N  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.
    

 (Reporting by Tanay Dhumal in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Tanay.Dhumal@thomsonreuters.com; Twitter: https://twitter.com/TanayDhumal))