|Bid||81.65 x 500|
|Ask||81.89 x 1000|
|Day's Range||81.18 - 81.76|
|52 Week Range||79.26 - 95.55|
|PE Ratio (TTM)||34.01|
|Dividend & Yield||3.08 (3.80%)|
|1y Target Est||N/A|
Much of the increase in LNG capacity is because of the rapid boost to plants in Australia and the United States, as both countries take advantage of abundant local reserves of natural gas to muscle in on a market that until recently had been dominated by a few established producers and buyers. This is because Europe is likely to act as a "clearing house" for surplus LNG cargoes, given it has excess re-gasification capacity and the ability to use the fuel for a variety of purposes, from power generation to manufacturing to household heating. Europe is also the only region that can effectively arbitrage between LNG and pipeline prices, given its connection to Russian and other Eastern natural gas via pipelines.
The Tanzanian government submitted three bills to parliament on Thursday which would allowing it to force mining and energy companies to re-negotiate the terms of their contracts as part of a presidential drive to increase revenue. The three bills, which cover natural resources contracts, sovereignty and amend existing laws, would allow the government to renegotiate or dissolve contracts. International companies plan to build a $30 billion liquefied natural gas (LNG) export terminal in partnership with state-run Tanzania Petroleum Development Corporation.
South Korean energy conglomerate SK Group signed a memorandum of understanding (MOU) with General Electric on Thursday to jointly develop U.S. shale gas fields in a bid to expand in the U.S. shale gas sector. The partnership with GE will help SK Group bring in U.S. liquefied natural gas (LNG) to South Korea as well as onsell it to other countries amid growing U.S. LNG exports, SK Group said in a statement.