It takes a brave investor to bet on the outcome of Vladimir Putin’s saber rattling around his neighbor Ukraine. One result of the Ukraine crisis seems more predictable: The European Union will look to cut its dependence on Russian natural gas, which currently accounts for 40% of consumption. Companies from Norway to Texas might benefit.
The simplest way to replace Russian flows, if you were sitting over a game of Risk on a rainy afternoon, would be U.S. liquefied natural gas. America has more gas in the ground than it can use domestically. LNG output jumped 42% year on year in the first half of 2021.
It could climb another 80% over the next five years, says Randy Giveans, head of energy maritime equity research at Jefferies. Top producer Cheniere Energy LNG+0.12% is earning $100 million on every shipload right now, Giveans estimates. Its stock has risen by two-thirds over the past year.
The first position was bought last Friday at 116$. Long-term deal.
The simplest way to replace Russian flows, if you were sitting over a game of Risk on a rainy afternoon, would be U.S. liquefied natural gas. America has more gas in the ground than it can use domestically. LNG output jumped 42% year on year in the first half of 2021.
It could climb another 80% over the next five years, says Randy Giveans, head of energy maritime equity research at Jefferies. Top producer Cheniere Energy LNG+0.12% is earning $100 million on every shipload right now, Giveans estimates. Its stock has risen by two-thirds over the past year.
The first position was bought last Friday at 116$. Long-term deal.