Cheniere Energy: Sales Up But Prices Down, Leading To Hold (NYSE:LNG)
SHansche Investment thesis LNG sales totaled 12.5 mln tons in 4Q 2023 (we forecast 11.3 mln tons, meaning a difference of 10.6%). LNG selling prices across all segments averaged $384/t, down 6% from our forecast of $409/t. In 2023, the volume of LNG sold exceeded production capacity by 6%, reflecting the high efficiency of Cheniere…