Chesapeake signs long-term LNG liquefaction offtake agreement

Chesapeake Energy, Delfin LNG and Gunvor Group through Gunvor Singapore, entered into a liquefied natural gas – LNG – export deal that includes executed Sales and Purchase Agreements for long-term liquefaction offtake. Under the SPA, Chesapeake will purchase approximately 0.5 million tons of LNG per annum from Delfin at a Henry Hub price and contract targeted start date in 2028 then deliver to Gunvor on an FOB basis with the sales price linked to the Japan Korea Marker for a period of 20 years. These volumes will represent 0.5 mtpa of the previously announced up to 2 mtpa HOA with Gunvor.