LNG

Chesapeake Energy Corp., the US natural gas producer completing a merger with smaller peer Southwestern Energy to create American’s biggest natural gas company, reported declines in fourth-quarter and annual net income as it also advanced with various LNG deals.

Tellurian Inc., the US LNG developer of the Driftwood project near Lake Charles in Louisiana, said it ended the fourth quarter of 2022 with the first phase of Driftwood LNG under construction and $474.2 million of cash and cash equivalents available as short-term financing and operating costs.