Report
Stephen Ellis
EUR 100.00 For Business Accounts Only

Cheniere Should Benefit From Higher Chinese Demand for LNG in the Coming Years

The Cheniere entities reported a strong third quarter, thanks to higher levels of LNG production, and we plan to boost our fair value estimates modestly (a few dollars) to reflect the addition of Train 6 to our model while keeping our wide moat ratings unchanged. As Cheniere gains experience operating its trains, it has been able to find ways to debottleneck production at a very low cost ($300 a ton) and optimize maintenance to increasingly take boost production up to and beyond the plants' name...
Underlying
Cheniere Energy Inc.

Cheniere Energy is an energy company engaged in liquefied natural gas (LNG)-related businesses. The company is focusing its development in the following LNG terminal projects, which is under construction: the Sabine Pass LNG terminal located in Cameron Parish, LA; and the Corpus Christi LNG terminal near Corpus Christi, TX. The company's subsidiary, Cheniere Energy Partners, L.P. is developing, constructing and operating natural gas liquefaction facilities at the Sabine Pass LNG terminal. The company is developing and constructing a natural gas liquefaction and export facility at the Corpus Christi LNG terminal and operates a natural gas supply pipeline. The company is also in various stages of developing other projects.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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