Stock Groups

Chesapeake Energy aims to expand push into LNG with market adviser -Breaking


© Reuters. FILE PHOTO – A trio of 3D-printed oil barrels, and an oil pump jack can be seen in front the Chesapeake Energy logo. This illustration was taken on January 25, 2022. REUTERS/Dado Ruvic/Illustration

By Liz Hampton

(Reuters) – Chesapeake Energy, a producer of Shale Gas, plans to employ a liquefied adviser (LNG), according to a job posting. This is as part of its expansion into the rapidly-growing export market.

U.S. natural-gas producers have taken advantage of LNG to increase their future production, and there are several existing ties with LNG producers, buyers, and pipeline operators. U.S. LNG exports increased by 50% to 9.7 Billion cubic feet per hour last year.

According to LinkedIn, the Oklahoma City company, which doesn’t currently produce LNG at this time, is looking for someone who can “lead new opportunities for Chesapeake in LNG” and give guidance to executives on LNG marketing.

Chesapeake representatives did not respond immediately to our request for comment.

Chesapeake aims to have a bigger role in the market for liquefied gas, stated Chief Executive Nick Dell’Osso in March during a conference. Two executives were hired by Williams Companies, a gas pipeline operator (NYSE:), earlier to establish a LNG marketing business.

Chesapeake participated recently in an international meeting that brought together European countries who are trying to get rid of Russian gas after the invasion of Ukraine. Trade groups American Exploration and Production Council and LNG Allies organized the event.