Cheniere's Marketing Takes Advantage of Strong LNG Market; Raises 2018 Guidance a Second Time
Cheniere Energy and Cheniere Energy Partners reported strong results, with Cheniere Energy benefiting more by our estimates due to the upside it retains when liquefied natural gas marketing spreads widen, as they have done in the current market. This is a fairly sharp turnaround from mid- to late 2017, when management indicated perhaps 50 marketing cargoes would be shipped in 2018 compared with 65 in 2017. At the time, the guidance was driven by the expiration of legacy marketing contracts signe...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.
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