Chesapeake Energy Signs Vitol to LNG Contract for 15 Years

In March, Chesapeake Energy announced a 15-year deal to provide natural gas for LNG exports to Gunvor Singapore Pte (see Chesapeake Cuts Back on Marcellus, Signs Haynesville LNG Deal). In an interview with S&P Global Commodity Insights at the time, Chesapeake CEO Nick Dell’Osso expressed the view that over the next several years, as much as 20% or 25% of U.S. production will flow to international markets (see Chesapeake CEO Says 20-25% of U.S. Gas Production Will be Exported). Approximately 7% of Chesapeake’s natural gas production is liquefied and exported as LNG. Chessy Executive Vice President Josh Viets aims to increase that to 20% by locating more deals like Gunvor (see Chesapeake Seeks More LNG Deals, Wants 20% of Production Going Intl). Viets has just scored another LNG deal.

---

To view this content, log into your member account. (Not a member? Join Today!)