georgemiller
Publish Date: Thu, 07 Aug 2025, 12:31 PM

Aug 7 (Reuters) - Cheniere Energy (LNG.N) , opens new tab on Thursday reported a second-quarter profit that nearly doubled, driven by steady demand for liquefied natural gas (LNG) and robust margins, and said it has signed a LNG supply deal with Japan's biggest power generator.
The U.S. is the world's largest exporter of the superchilled gas and commercial activity has gained further momentum after President Donald Trump lifted a moratorium on new LNG export permits after taking office in January.
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In July, the European Union pledged $750 billion worth in strategic LNG purchases over three years from the U.S. as part of a sweeping trade pact, opening up opportunities for major producers like Cheniere.
The company's LNG revenue was at $4.52 billion in the reported quarter, up about 43% from a year earlier, while the number of LNG cargoes exported was at 154, down by one, dragged down by maintenance activities.
Separately, Cheniere and Japan's JERA signed a LNG supply agreement, under which JERA will purchase about 1 million tonne per annum of the superchilled gas from Cheniere from 2029 through 2050.
In June, JERA agreed to new supply deals for U.S. liquefied natural gas to diversify its global portfolio away from its reliance on Australia.
Cheniere also reported an adjusted core profit of $1.42 billion, missing analysts' average estimate of $1.56 billion, according to data compiled by LSEG.
However, the company raised the lower end of its current- year adjusted core profit forecast by $100 million to between $6.6 billion and $7.0 billion.
Cheniere's Corpus Christi Stage 3 project, an export facility in South Texas, was 86.7% complete as of June 30.
The Stage 3 project is expected to add 10 million metric tons per annum (mtpa) of LNG to Cheniere's production capacity of 15 mtpa at the export facility.
The company reported net income attributable to Cheniere of $1.63 billion, or $7.30 per share, for the quarter ended June 30, up nearly 85% from a year ago.
https://www.reuters.com/business/energy/cheniere-energy-posts-jump-quarterly-profit-enters-supply-deal-with-japans-jera-2025-08-07/