On September 22, Cheniere rose 3.02% in regular trading, trading at $276.32/share, with turnover of $384 million. The rally was driven by the company's announcement that its Corpus Christi Stage 3 liquefaction project has achieved substantial completion.
Contractor Bechtel has handed over the seventh and final production train of the expansion, lifting Cheniere's total LNG capacity by more than 20% to 56 million tons per year. The company also marked a significant operational milestone, completing its 5,000th LNG export cargo from U.S. Gulf Coast operations.
The capacity ramp-up aligns with broader market tailwinds. RBC Capital Markets recently noted that Cheniere is expected to deliver steady cash flow growth as new LNG capacity starts up, with improving reliability, shorter maintenance windows, and plant upgrades continuing to lift production. Research from S&P Global projects U.S. LNG exports could double within five years, making LNG the nation's second-largest net export industry. Ongoing tensions in the Strait of Hormuz have further tightened global LNG supply, with spot cargo prices reaching multi-year highs.
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