Japan Quake: Boost for Cheniere Energy’s Liquefied Nat Gas Plans?
- Bloomberg
- LNG tanker in Japan last December.
Japan needs alternative energy sources amid its nuclear crisis, and that could give a boost to firms that can ship in more liquefied natural gas. The crisis may also be helping one company that hopes to be exporting LNG down the road.
Shares of Cheniere Energy Inc., which owns natural gas terminals along the Gulf Coast, were up about 2% at 8.45 in recent trading, and have risen 15% since their closing price of 7.31 on Thursday, the day before the earthquake struck Japan.
Cheniere’s terminals are designed to handle natural gas imports, but the development of unconventional gas in the U.S. in recent years has led to a supply glut and limited the need for imported LNG, which is natural gas that’s been cooled into liquid form for…
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