Equinor has extended an ongoing outage at its Hammerfest LNG plant in Arctic northern Norway by 10 days to Jan. 19 as it continues to repair a failed compressor, the company said in a regulatory filing on Wednesday.
The natural gas and liquified natural gas (LNG) industry has struggled for the last few years but is gaining traction today and is expected to sustain itself in 2025. Increasing demand only partially offset by supply supports the price action in LNG and creates a strong tailwind for U.S. LNG stocks.
Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has welcomed the announcement by the Alaska Gasline Development Corporation (AGDC) of an exclusive framework agreement with a private company to lead and fund the development of the Alaska LNG project. AGDC President, Frank Richards, and Alaska Governor, Mike Dunleavy, announced the news on 6 January at a news conference.
Baker Hughes has outperformed the Energy sector since October 2022, driven by strong earnings, robust cash flow, and significant margin expansion. New LNG buildouts and rising global LNG demand are key growth catalysts, despite potential near-term capex spending reductions in North America. Analysts have become more bullish on BKR, with multiple earnings estimate upgrades and a favorable valuation given its growth profile and free cash flow yield.
EQNR's Hammerfest LNG plant is the largest export facility for liquefied natural gas in Europe. It contributes to about 5% of all gas exports from Norway.
Cheniere Energy has gained 31% in 2024 (and 255% in the last five years), reaching historical highs, while the reaction of buyers during recent pullbacks confirms strong investment interest. The company demonstrates excellent profit margins and returns - ROTC and ROCE, along with an impressive cashflow. Positive global demand growth for LNG offsets challenges posed by price volatility and geopolitical uncertainties.
Record-setting LNG demand signals a strong year ahead for stocks like NextDecade, Cheniere Energy and ExxonMobil, which offer strong investment potential.
Golar LNG's superb execution since December 2019 has paid off, with the share price up more than 400% in that period. Securing long-term charters for the 2 MKII designs within 2025 is highly probable. GLNG's unique position as a proven FLNG provider, industry-leading cost advantage, and large set of global opportunities suggest a long runway of growth ahead.
Equinor's Hammerfest LNG plant in Arctic northern Norway has suffered an unexpected outage due to a compressor failure, halting all output for one week, according to a regulatory statement on the Gassco web site on Thursday.
BKR strengthens ties with Bechtel and Woodside through a major LNG equipment order for Louisiana's Phase 1 development, aiming for FID readiness by early 2025.
Production begins at LNG's Corpus Christi Stage 3, with Train 1 ahead of schedule for substantial completion by first-quarter 2025.
With global LNG demand expected to remain tight until 2027, Cheniere Energy benefits from strong pricing power.