Chesapeake energy corporation, delfin lng and gunvor sign long-term lng liquefaction offtake agreement indexed to japan korea marker

Oklahoma city , feb. 13, 2024 /prnewswire/ -- chesapeake energy corporation (nasdaq: chk, together with certain of its subsidiaries, collectively, "chesapeake"), delfin lng llc ("delfin") and gunvor group ltd, through gunvor singapore pte ltd ("gunvor"), today announced the entrance into a liquefied natural gas (lng) export deal that includes executed sales and purchase agreements ("spa") for long-term liquefaction offtake. under the spa, chesapeake will purchase approximately 0.5 million tonnes ("mtpa") 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 ("jkm") for a period of 20 years.
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