I think once established, LNG is then a truly infrastructure stock and will behave like an infrastructure stock
It's unfortunate for LNG that the oil slump hit them during the development phase - the only phase where they are exposed to oil price. LNG is indirectly exposed because they need to:
* sign BTA to firm up revenue/start construction
=> BTA depends on their partners being able to profitably export LNG
=> LNG export economics depend on the spread of US LNG $/btu to EU and Asia
=> The spread is correlated with oil price
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