LNG

Chesapeake Energy Corp. said it would purchase smaller market rival Southwestern Energy Co. for $7.4 billion in an all-stock transaction creating a $24Bln company that will be the nation’s largest natural gas producer.

Tokyo Gas Co., one of the leading Japanese LNG importers and the largest provider of city-gas services in the Tokyo metropolitan area, has agreed to pay $2.7 billion to acquire US upstream natural gas company Rockcliff Energy and its assets in the Haynesville Shale.