Cheniere Crushes It -- February 23, 2023

For me, the Cheniere story today (see below the fold) is just the beginning. 

Earlier today, link here:

Now, Cheniere today:

Link here. And, here.

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