"Cheniere Energy, as America's largest LNG exporter, benefits immediately when European and Asian buyers seek alternatives to Persian Gulf supply, with a stock surge of approximately 28% over the past month."
"Equinor is the lowest cost supplier of pipe gas to Europe with all-in costs of less than $2 per MBtu, reflecting its strong position as European buyers pivot away from Middle Eastern and Russian supply."
WTI crude prices increased from $65 to $98.48 per barrel amid fears of conflict in Iran, with Brent surpassing $100. Cheniere Energy, the largest US LNG exporter, saw a 28% stock surge and reported significant revenue growth. Equinor, Norway's state-controlled energy company, also benefited from European buyers shifting away from Middle Eastern and Russian supplies, with shares rising over 48%. Both companies are positioned well for future LNG demand and supply disruptions.
Read at 24/7 Wall St.
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