Chesapeake makes handshake deal with Gunvor to deliver liquid natural gas
Thursday, March 9, 2023
Earlier this week, Chesapeake Energy signed a long-term agreement to deliver liquid gas to a company in Singapore, according to UPI.
Chesapeake signed a heads-of-agreement deal with the Singapore branch of multinational commodity trading company Gunvor to supply the gas equivalent of 100 billion cubic feet of liquefied natural gas annually for 15 years.
The deal is set to begin in 2027.
Learn more: UPI > U.S. gas producer Chesapeake makes LNG handshake with Gunvor
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Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.