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Daily Prices

8/22/24

Cheniere Expects Asia to Continue Driving Strong LNG Demand Growth

By Jamison Cocklin

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Published in: Daily Gas Price Index Filed under:

Cheniere Energy Inc. said it earned less for its LNG during the second quarter as lower global natural gas prices and smaller gains on its derivatives cut into margins.

NGI's daily Henry Hub price vs prompt Japan Korea Marker, TTF futures contract settles chart

Mild weather and stronger storage inventories helped push the Japan-Korea Marker 24% lower year-over-year in the second quarter to an average of $9.56/MMBtu. The Title Transfer Facility fell 16% over the same time to an average of $9.58, Cheniere said.

The company earned less even though it loaded 155 cargoes, or 552 TBtu of liquefied natural gas during the second quarter. That was up from 149 cargoes, or 534 TBtu in the year-ago period.

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Jamison Cocklin

Jamison Cocklin joined the staff of NGI in November 2013 to cover the Appalachian Basin. He was appointed Senior Editor, LNG in October 2019, and then to Managing Editor, LNG in February 2024. Prior to joining NGI, he worked as a business and energy reporter at the Youngstown Vindicator, covering the regional economy and the Utica Shale play. He also served as a city reporter at the Bangor Daily News and did freelance work for the Associated Press. He has a bachelor's degree in journalism and political science from the University of Maine.