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NEXTDECADE CORPORATION

(NEXT)
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Cheniere to work with natural gas producers to measure carbon emissions

06/10/2021 | 01:06pm EDT

* Top U.S. LNG exporter launches effort to measure emissions

* Initiative to test technologies, techniques for reducing greenhouse gases

SAO PAULO, June 10 (Reuters) - The largest U.S. liquefied natural gas (LNG) exporter, Cheniere Energy Inc, said on Thursday it would quantify carbon emissions from its suppliers and production sites and supply the information to customers.

LNG buyers have begun asking suppliers for natural gas sourcing data and greenhouse gas emissions to reduce their own carbon footprints. Several LNG producers are proposing adding carbon capture and storage alongside their LNG projects.

Cheniere said it signed agreements with five natural gas producers and several academic institutions to implement quantification, monitoring, reporting and verification of greenhouse gas emissions.

The initiative aims to improve the overall understanding of LNG's contribution to greenhouse gas emissions and advance monitoring technologies. Cheniere has said it plans to provide cargo emissions tags to its customers beginning in 2022.

Consumers are increasingly committing to environmental targets and paying a premium to have emissions neutralized from wellhead through consumption, for which they request certification.

Cheniere supplied last month its first carbon-neutral LNG cargo to Royal Dutch Shell Plc as part of a long-term agreement.

LNG developer NextDecade Corp is working with Project Canary to certify the greenhouse gas intensity of LNG to be sold from its proposed Rio Grande plant. Gazprom PAO earlier delivered its first carbon-neutral LNG shipment to Europe.

Ground-based, aerial and satellite monitoring technologies will be used to establish baseline emissions levels, Cheniere said.

Aethon Energy, Ascent Resources, EQT Corp and Pioneer Natural Resources Co have agreed to join in an emissions monitoring program.

"Collaboration with our natural gas suppliers is a key component of Cheniere’s focus on quantifying and improving environmental performance," said Cheniere CEO Jack Fusco.

The project is supported by researchers from the Payne Institute for Public Policy, Harrisburg University of Science and Technology, SLR International and monitoring technology providers Montrose Environmental, SeekOps, Bridger Photonics Inc and GHGSat. (Reporting by Sabrina Valle in Sao Paulo Additional reporting by Scott DiSavino in New York Editing by Matthew Lewis)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ASCENT RESOURCES PLC -1.84% 4.81 Delayed Quote.-21.60%
CHENIERE ENERGY PARTNERS, L.P. -1.14% 44.19 Delayed Quote.25.36%
CHENIERE ENERGY, INC. -2.49% 86.4 Delayed Quote.43.93%
EQT CORPORATION -3.71% 20.49 Delayed Quote.61.21%
GAZPROM 0.41% 273.5 End-of-day quote.28.59%
GAZPROM NEFT 0.40% 425.7 End-of-day quote.34.31%
MONTROSE ENVIRONMENTAL GROUP, INC. 0.81% 49.94 Delayed Quote.61.30%
NEXTDECADE CORPORATION -1.75% 3.94 Delayed Quote.88.52%
ROYAL DUTCH SHELL PLC -3.75% 16.576 Real-time Quote.17.87%
S&P GSCI NATURAL GAS INDEX 0.78% 150.5759 Delayed Quote.28.99%
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Financials (USD)
Sales 2021 3,37 M - -
Net income 2021 -26,0 M - -
Net Debt 2021 132 M - -
P/E ratio 2021 -13,8x
Yield 2021 1,40%
Capitalization 481 M 481 M -
EV / Sales 2021 182x
EV / Sales 2022 521x
Nbr of Employees 52
Free-Float 98,1%
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Number of Analysts 6
Average target price 4,50 $
Last Close Price 3,94 $
Spread / Highest target 128%
Spread / Average Target 14,2%
Spread / Lowest Target -49,2%
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Managers and Directors
NameTitle
Matthew K. Schatzman Chairman, President & Chief Executive Officer
Brent E. Wahl Chief Financial Officer
Ivan Van Der Walt Senior VP-Engineering & Construction
Raquel Couri Senior VP-Human Resources & Administration
William Charles Vrattos Lead Independent Director
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