|Bid||40.06 x 1400|
|Ask||42.00 x 800|
|Day's Range||41.41 - 42.01|
|52 Week Range||32.55 - 45.27|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||15.60|
|Earnings Date||Aug 7, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||2.40 (5.80%)|
|1y Target Est||41.67|
Clearly, the sharp drop in Treasury yields of late pulled the Fed into the spotlight as the bond market dictates to the Fed and not the other way around. Leave no doubt -- short-term interest rates are coming down, observes Bryan Perry, editor of Cash Machine.
Moody's Investors Service today affirmed the Baa3 rating assigned to Sabine Pass Liquefaction LLC's (SPL) senior secured bonds as well as the Ba2 Corporate Family Rating (CFR) and Ba2 rating assigned to Cheniere Energy Partners, L.P's (CQP) senior unsecured notes. The outlooks for SPL and CQP are stable.
Asian spot prices for liquefied natural gas (LNG) edged higher this week, tracking higher oil prices and as production curbs in Australia boosted demand, industry sources said. Spot prices for July delivery to Northeast Asia are estimated to be $4.30 to $4.40 per million British thermal units (mmBtu), up from $4.25 last week, the sources said. Spot trading for the super-chilled fuel was volatile this week with prices moving quickly from opening to closing of the market within a day, a Singapore-based industry source said.
(Bloomberg Opinion) -- Donald Trump doesn’t have to impose sanctions on Russia’s controversial Nord Stream 2 pipeline to Germany if he wants Europe to buy more U.S. liquefied natural gas. The market is doing his work for him.Increasing competition is already reducing the European Union’s dependence on Russian exports, and U.S. LNG is an increasingly important factor in determining prices.Asked during an appearance with Polish President Andrzej Duda whether he would use sanctions to block Nord Stream 2, the U.S. president said he was “looking at it” and “thinking about it” because “we’re protecting Germany from Russia. And Russia is getting billions and billions of dollars of money from Germany.”This made headlines because it appeared to repeat earlier threats from the U.S. Senate and Energy Secretary Rick Perry. But later, when a reporter pushed him by saying he had the power to block the pipeline with sanctions, Trump replied:Germany has the power to block it. You know how they block it? By not buying it. I mean, Germany made a decision to buy a tremendous percentage of their energy from Russia. Germany – whether they should be doing that or not, they’re the ones that have the power to block it. They shouldn’t buy it. Or, if they want to, they can. But that’s really a decision of Germany.My reading of these remarks is that Trump is less interested in imposing sanctions than he is eager to get Germany to buy more of the U.S.’s “tremendous” LNG. “I think that’s really the way, if they want to spend a tremendous amount of money,” Trump said.Regardless of what happens with Nord Stream 2, Germany and other European countries are likely to buy more U.S. LNG because they don’t want to spend a tremendous amount of money — in particular, on Russian gas. Nord Stream 2 came up at the Trump press conference with Duda because Poland’s state-owned oil and gas company, PGNiG, is an enthusiastic buyer of U.S. LNG. Last year, the utility signed three long-term contracts with U.S. producers, only one of which — Cheniere Energy Inc. — is already supplying the fuel; the others still haven’t built their export terminals.PGNiG is signing these deals because it is locked into a long-term contract with Russia’s Gazprom and unhappy with the price it’s paying. The dispute is in arbitration, with the Polish utility close to winning a reduction. Even so, the contract runs out in 2022 and PGNiG is threatening not to renew it and seek alternatives from Norway. For those threats to be credible, and for Gazprom to start offering favorable terms, the buyer needs to show that it can already get supplies from elsewhere. It’s making some progress.PGNiG has long claimed it can source LNG at lower prices than those offered by Gazprom. This year, that claim doesn't look so outlandish. Gazprom’s average export price in Europe reached $254 per 1,000 cubic meters in the first quarter of 2019. Spot LNG prices have been lower, hovering about $5 per million British thermal units, or about $177 per 1,000 cubic meters.One may laugh at the U.S. branding of “freedom gas,” but its influence on European prices has been liberating. It is a buyer’s market, at least for now.Only three factors limit Europe’s ability to drive down natural gas prices: Gazprom’s long-term contracts; LNG terminal capacity; and demand in Asia, where prices are higher. The first two of these aren’t immutable: Contracts will run out and be renegotiated, and new terminals are being built (Germany alone has plans for two). That LNG supplies can easily be diverted elsewhere as prices change makes it necessary for European countries to have access to pipeline gas sources — but Gazprom isn’t the only one. It faces competition from Norway and various Mediterranean projects.Germany stands to benefit from this new setup. It needs a lot of gas as it tries to phase out both nuclear and coal power. Demand forecasts vary wildly, but it’s safe to assume the country will buy as much as it can get. Nord Stream2 alone won’t be enough to cover those needs, so Germany will have to turn to the U.S. That, together with supplies from other sources, should help it to negotiate down Gazprom’s prices.It’s a win-win situation for the U.S. LNG producers, Germany and even Gazprom as it seeks to keep a foothold in Europe. But two strong arguments still exist for sanctioning Nord Stream 2. One is the need to preserve the Ukrainian transit route for Russian gas. If it dries up, cash-strapped Ukraine would lose a major revenue source. (For now, though, Russia will pump as much gas as it can to Europe to avoid losing its main export market. Given Gazprom’s importance to the personal wealth of Putin’s close circle, that’s not an option.) The other reason is that Nord Stream 2 undermines Poland’s bargaining power over Gazprom: The supplier would be able to say it has found another buyer in the neighborhood.Trump and U.S. Congress should weigh these dangers against that of further alienating Germany. It might try to defy the sanctions if Gazprom goes ahead with the Nord Stream 2 project without Western partners. Any move by the U.S. against Nord Stream 2 would also confirm to its European allies that Washington’s sanctions policy is merely a tool to advance trade interests.These considerations make for a difficult decision. Trump’s remarks on Wednesday sounded to me as though he were leaning toward letting the market do its job this time. That doesn’t mean he can’t change his mind tomorrow — especially if his trade war with China ends and his attention switches to Europe.To contact the author of this story: Leonid Bershidsky at email@example.comTo contact the editor responsible for this story: Edward Evans at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Leonid Bershidsky is Bloomberg Opinion's Europe columnist. He was the founding editor of the Russian business daily Vedomosti and founded the opinion website Slon.ru.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
LONDON/NEW YORK, June 3 (Reuters) - Cheniere Energy Inc said on Monday it would buy natural gas from Apache Corp's Permian assets using a price mechanism linked to the liquefied natural gas (LNG) it ends up selling and not the typical U.S. gas benchmark. The deal is the first sign Cheniere, by far the largest U.S. LNG seller, may move away from its signature LNG pricing mechanism in future offtake agreements with LNG buyers by decoupling from the Henry Hub price used for U.S. gas. "Producers want this because it will give them better realizations than what they will see in the North American market," Anatol Feygin, executive vice president and chief commercial officer at Cheniere, told reporters after an investor meeting in New York.
The U.S. continues to solidify its role as a major player in the global liquefied natural gas (LNG) arena. Export projects are advancing at a rapid clip – and the higher the volumes from the United States, ...
U.S. liquefied natural gas exporter Cheniere Energy Inc on Monday raised its annual production rate forecast to 4.7–5.0 million tonnes per train. It had earlier forecast annual production rate of 4.4–4.9 ...
Final Investment Decision reached on Sabine Pass Train 6 and Full Notice to Proceed issued to Bechtel
Argentine oil company YPF SA said on Sunday that it began loading the first shipment of liquefied natural gas (LNG) for export from Argentina. The shipment includes 30,000 cubic metres of LNG from the Vaca Muerta shale play, YPF said in a statement. "This is the first step of a process that YPF is leading to export and expand gas markets to the world," Marcos Browne, executive vice president of gas and electric power for YPF, said in the statement.
The LNG Industry has been growing at a remarkable rate in the U.S. due to its role in the global energy transition, but this “freedom gas” may be less clean than we thought
Ocean cargo freight rates and shipping charter rates have generally risen over the past week, albeit not dramatically. Market conditions for shipping remain relatively unappetizing, while transport costs for cargo shippers remain affordable. Of the rate segments that are still declining, trans-Pacific container shipping costs stand out as the one to watch.
The country’s growing muscle as a natural gas exporter isn’t only seen by the Trump administration as an economic boon at home -- it’s also viewed as a foreign policy tool. “Increasing export capacity from the Freeport LNG project is critical to spreading freedom gas throughout the world by giving America’s allies a diverse and affordable source of clean energy," U.S. Under Secretary of Energy Mark W. Menezes said in a statement.
Moody's Investors Service ("Moody's") assigned first time ratings to Blackstone CQP Holdco LP (Blackstone CQP) including a B1 Corporate Family Rating (CFR), a B1-PD Probability of Default Rating (PDR) and a B1 rating to its proposed offering of a $2.5 billion senior secured first lien term loan facility. Blackstone CQP owns a 40% interest in CQP.
If China follows through on its retaliatory threat of raising U.S. liquefied natural gas (LNG) tariffs from 10 to 25 percent, U.S. exports will be hit hard — but another country is waiting to gain from it
The U.S. is experiencing an energy boom. But don't picture gushers of crude oil spraying skyward over the Texas flatlands. Instead, think LNG -- Liquefied Natural Gas, suggests Mike Larson, growth and income expert and editor of Safe Money Report.
Executives from U.S. liquefied natural gas (LNG) companies Cheniere Energy and Tellurian on Tuesday said they view the trade dispute between China and the United States as temporary, with no major impact on their ability to sell LNG. China retaliated on Monday against Washington's tariffs by raising its own duty on U.S. LNG to 25% from 10%. Cheniere is the top U.S. LNG producer with two large export terminals in Texas and Louisiana.
On Monday, China said it would boost the tariff on U.S. LNG to 25% starting June 1 versus the current rate of 10%. Between February 2016, when the United States started exporting LNG from the Lower 48 states, and July 2018, when the trade war started, China was the third biggest purchaser of U.S. shipments of the supercooled fuel.
No liquefied natural gas (LNG) vessels that left the United States in March and April have gone to China, Refinitiv Eikon shipping data shows, as the trade war between the two nations escalates. On Friday, the United States increased its tariffs on $200 billion in Chinese goods to 25% from 10%, rattling financial markets already worried the 10-month trade war between the world's two largest economies could spiral out of control.
Key Takeaways from Cheniere Energy’s Q1 Results(Continued from Prior Part)What’s next for LNG?Cheniere Energy (LNG) stock recently trended lower following renewed trade tensions, but its better-than-expected earnings could please investors. It
Key Takeaways from Cheniere Energy’s Q1 ResultsCheniere Energy beat first-quarter estimatesCheniere Energy (LNG), a leading LNG (liquified natural gas) exporter, reported its first-quarter earnings results on May 9. It posted adjusted EBITDA of