Cheniere Energy posts smaller quarterly loss as LNG demand recovers

(Reuters) – Cheniere Energy Inc reported a smaller fourth-quarter loss on Wednesday compared with the third, as an uptick in economic activity fueled by COVID-19 vaccines lifted demand and prices for liquefied natural gas.

Net loss attributable to shareholders narrowed to $194 million, or 77 cents per share, in the quarter ended Dec. 31, from $463 million, or $1.84 per share, in the third quarter.

Revenue climbed to $2.79 billion from $1.46 billion in the third quarter.

Cheniere said uncertainty about the COVID-19 pandemic remains the primary near-term risk to LNG trade.