Cheniere Q2 Revenue Halves As LNG Prices Slump ...Middle East

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Cheniere Q2 Revenue Halves As LNG Prices Slump
source : OILPRICE ( Middle East ) () 57
Cheniere Energy (NYSEAMERICAN: LNG) reported higher-than-expected net income for the second quarter of 2023, but its revenues halved from last year amid lower international LNG prices. Cheniere’s net income jumped by 85% year-on-year to $1.369 billion, but revenue plunged by 49% to $4.1 billion in the second quarter, the biggest U.S. LNG exporter said on Thursday. Cheniere shipped 149 LNG cargoes in the second quarter of 2023, down from 156 cargoes for the same period last year, as LNG volumes fell by 5% year over year. During the three months…

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