CHENIERE ENERGY, INC.

(LNG)
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Delayed Nyse  -  04:00 2022-07-05 pm EDT
131.98 USD   +0.02%
06/24CHENIERE ENERGY, INC.(NYSEAM : LNG) added to Russell Midcap Value Index
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06/24CHENIERE ENERGY, INC.(NYSEAM : LNG) added to Russell Small Cap Comp Value Index
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06/24CHENIERE ENERGY, INC.(NYSEAM : LNG) added to Russell 1000 Value Index
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New LNG Projects in US, Europe to Be Supported by Russian Gas Fears -- Market Insight

03/01/2022 | 07:57am EDT

Commentary by Adam Clark


Russia's invasion of Ukraine is prompting a spike in natural gas prices which should boost U.S. production of liquefied natural gas but could also revive European plans for LNG terminals. While Russian exports of gas --which normally account for 30% of European demand-- haven't yet been blocked, the possibility of disruption caused by conflict or financial sanctions are exacerbating the energy crisis in Europe. Dutch TTF gas prices, the European benchmark, are around 100 euros a megawatt hour, up from EUR16/mwh a year ago.

U.S. gas producers such as Cheniere Energy and Range Resources are likely to be short-term beneficiaries as Europe imports gas from alternative sources. Both stocks are up more than 25% in 2022 to date. While currently U.S. LNG exports are running at almost full capacity, analysts at consultancy Wood Mackenzie note European buyers are now likely to be more willing to sign long-term contracts which will support new U.S. production facilities.

Over the longer term, European companies will have a stronger incentive to build LNG import terminals, as they scrap deals with Russia such as Shell's exit from joint ventures with Gazprom, including its stake in the Sakhalin 2 LNG project. S&P Global Platts reported Monday that Germany's Uniper is considering restarting work on a floating LNG import terminal at Wilhelmshaven in northern Germany, having previously shelved the plan due to a lack of long-term booking interest.


Market Insights are commentary that is independent of the news coverage by reporters at The Wall Street Journal.


Write to Adam Clark at adam.clark@dowjones.com


(END) Dow Jones Newswires

03-01-22 0757ET

Stocks mentioned in the article
ChangeLast1st jan.
CHENIERE ENERGY, INC. 0.02% 131.98 Delayed Quote.30.10%
RANGE RESOURCES CORPORATION -4.73% 24.18 Delayed Quote.35.61%
SHELL PLC 1.43% 23.77 Real-time Quote.21.31%
UNIPER SE -0.29% 10.26 Delayed Quote.-75.48%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.62% 62.751 Delayed Quote.-24.94%
WTI -1.45% 100.227 Delayed Quote.46.49%
All news about CHENIERE ENERGY, INC.
06/24CHENIERE ENERGY, INC.(NYSEAM : LNG) added to Russell Midcap Value Index
CI
06/24CHENIERE ENERGY, INC.(NYSEAM : LNG) added to Russell Small Cap Comp Value Index
CI
06/24CHENIERE ENERGY, INC.(NYSEAM : LNG) added to Russell 1000 Value Index
CI
06/24CHENIERE ENERGY, INC.(NYSEAM : LNG) added to Russell 3000E Value Index
CI
06/24CHENIERE ENERGY, INC.(NYSEAM : LNG) added to Russell 3000 Value Index
CI
06/23Chart Industries Receives Full Notice to Proceed for Cheniere's LNG Project; Receives $..
MT
06/23Bechtel - Cheniere announces positive Final Investment Decision on the Corpus Christi S..
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06/22SECTOR UPDATE : Energy Stocks Decline Premarket Wednesday
MT
06/22Cheniere Inks Long-Term LNG Supply Deal With Chevron
DJ
06/22Cheniere Energy, Chevron Sign Long-Term LNG Sale and Purchase Agreements
MT
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Analyst Recommendations on CHENIERE ENERGY, INC.
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Financials (USD)
Sales 2022 25 618 M - -
Net income 2022 1 407 M - -
Net Debt 2022 23 996 M - -
P/E ratio 2022 21,9x
Yield 2022 1,06%
Capitalization 33 541 M 33 541 M -
EV / Sales 2022 2,25x
EV / Sales 2023 2,52x
Nbr of Employees 1 550
Free-Float 91,3%
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Technical analysis trends CHENIERE ENERGY, INC.
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Mean consensus BUY
Number of Analysts 19
Last Close Price 131,98 $
Average target price 167,05 $
Spread / Average Target 26,6%
EPS Revisions
Managers and Directors
Jack A. Fusco President, Chief Executive Officer & Director
Zach Davis Chief Financial Officer & Executive Vice President
G. Andrea Botta Chairman
Aaron Stephenson Senior Vice President-Operations
Tom Bullis Chief Administrative Officer & Executive VP
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