A vessel docked at a jetty on Louisiana’s coast is claiming its cargo of liquefied natural gas. Ice forms on a pipe as chilled fuel extracted from fields as far away as Texas or Pennsylvania is sent into the tanker’s insulated hold for shipment overseas.
Cheniere Energy’s Sabine Pass export terminal is one of seven operating in the US, all of them running flat out to feed a global market desperate for energy.
Europe’s goal to cut dependence on Russian natural gas in response to Moscow’s war in Ukraine should be a bonanza for LNG export companies in the US, the world’s largest gas producer. Investors in these specialist companies are bullish, as reflected in a recent all-time high for Cheniere’s stock price.
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