Aug 7 (Reuters) - Cheniere Energy reported a
jump in second-quarter profit on Thursday, helped by strong
liquefied natural gas (LNG) demand.
The U.S. is the world's largest exporter of liquefied
natural gas and had shipped 11.9 billion cubic feet per day
(bcfpd) of the supercooled fuel in 2024.
Commercial activity in the sector has gained further
momentum after U.S. President Donald Trump lifted a moratorium
on new LNG export permits after taking office in January.
The country exported 884.1 bcf of LNG in April and May,
compared with 671.5 bcf from a year earlier, according to U.S.
Energy Information Administration (EIA) data.
The company's LNG revenue was at $4.52 billion in the
quarter, compared with $3.04 billion a year earlier.
The company reported net income attributable to Cheniere of
$1.63 billion, or $7.30 per share, for the quarter ended June
30, compared with $880 million, or $3.84 per share, a year ago.