HOUSTON (Reuters) - U.S. liquefied natural gas producer Cheniere Energy Inc. on Thursday said high prices and an "extremely volatile" global market are driving more long-term contracts of LNG volumes.
The company, which is processing over 7 billion cubic feet (bcf) per day of natural gas, or about 7% of total U.S. production, believes that LNG storage in Europe and growth in Asia have been a "challenge" for gas markets.
Two thirds of all contracts signed by Cheniere in 2021 were with Asian buyers, 45% of which were from China, executive vice president Anatol Feygin said during the company's earnings call.
(Reporting by Marcy de Luna)
Price
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Change
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5d. change
|
Capi.
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|---|---|---|---|---|---|
| 92.99 PTS | +0.35% | +1.22% | - | ||
| 159.4 USD | +1.23% | -0.67% | 36.31B | ||
| 48.42 USD | +0.54% | -0.66% | 23.31B | ||
