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Cheniere quarterly revenue tumbles on lower LNG prices


These translations are done via Google Translate
LNG 2023 energy trade show in Vancouver
The logo of Houston-based liquefied natural gas company Cheniere seen during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File photo

Aug 3 (Reuters) – Cheniere Energy Inc’s (LNG.A) quarterly revenue nearly halved, the top U.S. liquefied natural gas (LNG) exporter said on Thursday, hammered by lower natural gas prices.

U.S. natural gas prices averaged $2.417 per million British thermal units (Btu) during the April-June quarter, down nearly 63% from the year-ago quarter, when demand skyrocketed following Russia’s invasion of Ukraine.

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The company said its loaded LNG volumes fell to 547 trillion British thermal units (tbtu) for the second quarter ended June 30, compared with 570 tbtu in the year-earlier period.

The Houston, Texas-based energy firm posted quarterly revenue of $4.1 billion in the quarter, compared with $8 billion a year earlier.



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