Chesapeake Energy Corp., Delfin LNG LLC, and Gunvor Group Ltd., through Gunvor Singapore Pte Ltd. have signed a long-term LNG export deal that includes executed sales agreements for long-term liquefaction offtake.
Chesapeake will purchase about 0.5 million tonnes/year of LNG from Delfin at a Henry Hub price and contract targeted start date in 2028 then deliver to Gunvor on a Free-on-Board (FOB) basis with the sales price linked to the Japan Korea Marker (JKM) for a period of 20 years. These volumes will represent 0.5 million tpy of the heads of agreement Chesapeake signed in March for up to 2 million tpy HOA with Gunvor (OGJ Online, Mar. 6, 2023).
