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Cheniere Energy posts drop in 2024 LNG revenue
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Cheniere Energy posts drop in 2024 LNG revenue
Feb 20, 2025 3:56 AM

Feb 20 (Reuters) - Cheniere Energy posted a fall

in its full-year LNG revenue on Thursday on lower prices for the

commodity.

The LNG market remained relatively tight in 2024 as a result

of low supply capacity growth, strong demand outside Europe and

continued geopolitical tensions.

But the impact on prices remained muted and annual spot

prices were overall lower than in 2023, Cheniere said.

Cheniere is the largest U.S. LNG exporter and the world's

second largest producer of the superchilled gas. The company has

played a key role in helping the U.S. become the world's largest

exporter of LNG.

The company reported LNG revenue of $14.89 billion for the

year ended December 31, compared with $19.56 billion in 2023.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Sriraj

Kalluvila)

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