US LNG data shows Europe filling top spots with Japan while Louisiana plant ships the most costly cargoes
The US Department of Energy has published its latest LNG monthly export data showing the UK, France, Turkey, Japan and the Netherlands receiving the most cargoes and the most expensive shipments departing from a Louisiana plant.
Hurricane Fiona appears as late-starting Atlantic hurricane season keeps energy and LNG sector on watch
The first major hurricane of the 2022 Atlantic hurricane season, named “Hurricane Fiona”, is set to blow towards the northeast with no landfalls on the US coastline, though another was forming in what has been a late start to the 2022 season.
US LNG data has Spain overtaking China and France surpassing UK as Cameron shipped costliest cargoes
The US Department of Energy published its latest LNG monthly export data with European nations and Argentina leading the destinations list with Spain surpassing China in cargo numbers and France overtaking the UK, while Sempra’s Cameron LNG plant in Louisiana shipped the most expensive cargoes for a third month.
Largest US LNG exporter Cheniere doubles revenues to $7.4Bln but still posts loss on derivative fair value changes
Cheniere Energy, the largest US LNG export and owner and operator of the Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas, posted first-quarter revenues of $7.48Bln compared with $3.09Bln in the prior-year quarter, though still posted a substantial net loss citing accounting reasons.
Expanding Cheniere Energy remains favoured LNG stock among investment funds with shares near record
Cheniere Energy, the operator of the now enlarged Sabine Pass plant in Louisiana with six liquefaction Trains and the Corpus Christi facility in Texas, has seen its shares rise to all-time highs and become a favoured stock for investment fund managers.
The Cheniere Energy shares, listed on the New York Stock Exchange American board, have hit a low in the past year of $65.23 a share and have since risen to an all-time high of $121.31 per share.
The shares have the ticker LNG:US and were last at $120.25 per share.
The latest price gave the Houston, Texas-based company a market capitalization of $30.5 billion.
Cheniere, whose next LNG expansion plans are for the Corpus Christi plant in Texas, has a debt-to-equity ratio of 24.30.
The company now has 40.5 million tonnes per annum of export capacity and will take this to more than 50.5 MTPA in about four or five years.
Cheniere is now focusing on the Corpus Christi expansion, known as Stage 3 and comprising the construction of seven mid-scale liquefaction Trains adjacent to the existing facility.
Additional Trains
The mid-scale Trains will add nameplate capacity of almost 10 MTPA to the 13.5 MTPA from the three larger existing Corpus Christi Trains, each producing 4.5 MTPA.
In recent Security and Exchange Commission filings, institutional investors, among the many invested in Cheniere, have shown that some have bought more shares in the company.
Blackstone Inc., the New York-based global investment business, lifted its stake in Cheniere by 0.9 percent and now owns over 12.4M shares valued at $1.48 billion.
American Century Companies Inc. lifted its stake by 1.3 percent during the third quarter. It now owns 5.74M shares valued at around $689M.
Among foreign investors, Mitsubishi UFJ Trust & Banking Corp. of Japan, the largest bank in the world by assets, lifted its stake in Cheniere by 41.3 percent during the third quarter.
Mitsubishi UFJ now owns 2.64M shares of the energy company’s stock valued at about $316.8M.
Japanese LNG imports plummet and Asian and Mideast cargoes drop as nation again opts for more coal use
Japanese liquefied natural gas imports plummeted by more than 22 percent as the nation opted for more than twice the amount of coal than LNG for thermal power generation and only imports from Australia and the US held up as cargo numbers from Asia, the Middle East and Russia dropped.
Largest US LNG exporter Cheniere posts quarterly revenues of $3.2Bln but registers derivatives account loss
Cheniere Energy, the operator of the US Sabine Pass and Corpus Christi LNG export plants, reported soaring revenues that more than doubled to $3.20 billion for the third quarter as natural gas market prices hit records worldwide.
Norwegian LNG and pipeline supplier Equinor makes sixth discovery in 2021 and well is shared with Poland
Equinor, the Norwegian supplier of pipeline natural gas and LNG to Europe, has made its sixth discovery on the Norwegian shelf so far in 2021 and the success was shared by Polish Oil and Gas Company.
US LNG data shows China and Brazil as top monthly destinations and Nicaragua joining list of customers
The US Department of Energy has just published its latest liquefied natural gas monthly export data showing rising prices for the six plants and with China and Brazil being the top destinations, while the number of receiving nations increased to 40 as the Central American state of Nicaragua joined the list.
US LNG data shows China now ahead of Mexico and rising prices for cargoes from the six export plants
The US Department of Energy has just published its latest liquefied natural gas export data with the average overall price for the six plants rising to $6.22 per million British thermal units and as China took third spot ahead of Mexico in the overall deliveries table.
