For me, the Cheniere story today (see below the fold) is just the beginning.
Earlier today, link here:
Now, Cheniere today:
Briefly:
- fiscal year revenue more than doubles;
- 4Q22 profit vs year-ago loss;
- expects price-sensitive Asian LNG demand to resume
- shares surged 8% to $160
Meanwhile:
Cheniere and its units have started the pre-filing review process with the Federal Energy Regulatory Commission for the proposed Sabine Pass stage 5 expansion project, which is being designed for an LNG production capacity of about 20 million tonnes per annum, it said.
Conversion: 20 million tonnes per annum = about 8,873,114 boe per annum = 25,000 boe / day (link here)
From August 22, 2022 with "Sabine Pass stage 5" noted:
Energy, emerging market:- debt: $98 trillion
- 250% of combined GDP for emerging market countries.
- these emerging markets need energy, too, and they're paying UK prices for natural gas
- the US? Paying US prices for NG: about $2 / MMbtu
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