|Day's Range||5.40 - 5.40|
In the latest trading session, Chesapeake Energy (CHK) closed at $72.07, marking a -1.61% move from the previous day.
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U.S. energy company Chesapeake Energy Corp said on Monday it would supply a unit of Swiss commodity trader Gunvor Group Ltd with up to 2 million tonnes per annum (MTPA) of U.S. liquefied natural gas (LNG) for a period of 15 years. Under the deal, the companies will choose a U.S. LNG export plant to liquefy Chesapeake's gas and deliver the LNG to Gunvor with a target start date in 2027. The Chesapeake deal comes on the heels of a Feb. 28-deadline for the expiration of Gunvor's agreement to buy 3-MTPA of LNG from Tellurian's proposed Driftwood LNG export plant in Louisiana for 10 years.