Cheniere signs 13-year LNG supply deal with China's ENN

October 22, 2021

Cheniere Energy (LNG) rises to within $2/share of its 52-week high after China's ENN Group gas unit signed a 13-year liquefied natural gas purchase contract.

The deal calls for ENN to receive 900K metric tons/year starting July 2022, with prices indexed to the Henry Hub price on a free-on-board basis.

Cheniere CEO Jack Fusco says the deal further advances the company's efforts to contract LNG capacity on a long-term basis in anticipation of a final investment decision on the Corpus Christi Stage 3 project, which is expected to occur next year.

In July, Cheniere announced a long-term gas supply agreement with Tourmaline Oil, which the company expected would support the development of Corpus Christi Stage 3.

For this year Cheniere Energy Inc 's revenue will be around 13.1 billion USD. This is according to the average of the analysts' estimates. This is quite more than 2021's revenue of 9.36 billion USD.

Historical revenues and results Cheniere Energy Inc plus estimates 2021

The analysts expect for 2021 a net profit of 902 million USD. The majority of the analysts expects for this year a profit per share of 3.64 USD. The price/earnings-ratio therefore equals 29.09.

For this year analysts don't expect the company to pay a dividend. The average dividend yield of the personal goods companies equals a good 1.63 percent.

Cheniere Energy Inc 's market capitalization is based on the number of outstanding shares around 26.86 billion USD. 112

At 20.19 the stock trades 0.98 percent lower at 105.9 USD.

Historical stock prices Cheniere Energy Inc

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