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Cheniere Energy's third-quarter profit falls on lower LNG margins
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Cheniere Energy's third-quarter profit falls on lower LNG margins
Oct 31, 2024 3:37 AM

Oct 31 (Reuters) - Cheniere Energy reported a

fall in its third-quarter profit on Thursday, hurt by lower

liquefied natural gas (LNG) margins.

Natural gas prices had fallen in the quarter from the

previous year due to higher global inventories and lower demand

forecasts, pressuring margins for LNG producers such as

Cheniere.

The company's LNG revenue was at $3.55 billion in the

quarter ended Sept. 30, compared with $3.97 billion a year

earlier.

Net income attributable to Cheniere was at $893 million for

the quarter, compared with $1.7 billion a year ago.

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