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Cheniere Energy raised its annual core profit forecast after beating third-quarter estimates. Results benefited from higher Asian spot LNG prices, which hit an eight-month high in August, and a 4% rise in cargo exports to 158 cargoes.
The company is pursuing a 20 MTPA expansion at Sabine Pass.
Strong Asian LNG prices and rising US export volumes signal solid global demand for US gas, supporting feedgas demand and domestic gas prices. Expansion plans point to longer-term growth in US LNG export demand.
reuters.comOct 31, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
