LNG

Operators in the LNG business are assessing the possible impact of the US Defense Department’s blacklisting of China National Offshore Oil Corp., the nation’s largest LNG importer, to its list of alleged “Communist Chinese military companies”, causing CNOOC shares to drop and further raising US-China trade tensions.

Cheniere Energy, the leading US LNG export company through its Sabine Pass plant in Louisiana and the Corpus Christi facility in Texas, reported a 19 percent jump in third-quarter revenues to $2.17 billion from $1.82Bln in the same three months of 2018.