Cheniere Rises as LNG Exporter Signals More Cash Is on the Way

Cheniere has benefited from booming overseas gas demand as European buyers seek replacements for supplies from Russia, which has restricted flows amid an increasingly bitter geopolitical standoff over its invasion of Ukraine.

Shares of Cheniere rose 3.1% at 5:07 p.m. in New York.

Cheniere, which has reached a final investment decision on its Corpus Christi Stage 3 Liquefaction Project in Texas, is now expecting to generate over $20 billion in cash through 2026, the company said.