Chesapeake Energy and Gunvor Group announced that Gunvor Singapore Pte Ltd has entered into a Heads of Agreement with Chesapeake Energy Marketing, a subsidiary of Chesapeake Energy. Under the HOA, Chesapeake will supply up to 2M tonnes of LNG per annum to Gunvor with the purchase price indexed to Japan Korea Marker for a period of 15 years. Following the execution of the HOA, Chesapeake and Gunvor will jointly select the most optimal liquefaction facility in the United States to liquify the gas produced by Chesapeake and deliver the LNG to Gunvor on a Free-on-Board basis with a targeted start date in 2027.
Published first on TheFly
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