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Natural gas producer Chesapeake Energy Corp CHK-Q said on Monday it would supply Gunvor Group Ltd up to 2 million tonnes of liquefied natural gas (LNG) annually for 15 years.

U.S. LNG exporters have witnessed demand soar after Western sanctions on major producer Russia squeezed an already-tight global gas supply.

Under the deal, Chesapeake and Gunvor would jointly choose the liquefaction facility in the United States.

The supplies are slated to start in 2027.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 12/06/24 3:36pm EDT.

SymbolName% changeLast
CHK-Q
Chesapeake Energy Corp
-1.81%87.1

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