Katie Bays of Height Securities said 2017 may be a turning point for LNG marketsas buyers - who have sat on the sidelines for several years and refrained from signing new contracts with LNG export terminals - begin to change their tune.
“U.S. gas production remains robust andprices are low, bolstering confidence that Henry Hub-linked contracts can offer long-term savings relative to their oil-linked peers,” Bays wrote in a note.
Which Companies Will Benefit
Bays said the momentum would boost fortunes for projects like Cheniere Energy, Inc. (NYSE: LNG)’s Corpus Christi, Liquefied Natural Gas Ltd (ASX:LNG)’s Magnolia.
