
Contracts
May 8, 2026
Expand Energy seals new Delfin LNG deal
Expand Energy signed a new SPA with Delfin Midstream to buy 1.15 mtpa from Delfin FLNG 1, subject to FID. The Henry Hub-linked deal targets a 2031 start and replaces terminated SPAs with Delfin and Gunvor. The new contract more than doubles the previous 0.5 mtpa Chesapeake-Delfin-Gunvor structure agreed in 2024. Expand sees LNG as a natural extension of its Gulf Coast gas business and wants more exposure to JKM/TTF-linked pricing.


