Why aren't investors piling in to build new LNG projects? [Yahoo! Finance]
NextDecade Corporation (NEXT)
US:NASDAQ Investor Relations:
next-decade.com/investors
Company Research
Source: Yahoo! Finance
gas (LNG). Acutely depleted gas storage levels in Europe are keeping LNG spot prices well above seasonal norms. Persistently high prices would indicate a structural shortage, but so far there has been no splurge of capital into new LNG production capacity. The investment cannot be made without demand certainty, and this is fraught with energy transition risks. Just how much profit can be made from a single LNG spot cargo? In October 2021, a theoretical trade on a cargo of US LNG arriving in Asia in December would have a netted a margin of ~$21.64 per million British thermal units (MMBtu), had it captured the prevailing Asian spot LNG futures price of $34/MMBtu. For a standard vessel carrying 165,000m3 of LNG, that equates to roughly $77m of profit (after paying the cost of production and shipping through the Panama Canal). These margins spurred US LNG production to new records towards the end of 2021, allowing the US to challenge Qatar and Australia for the title of being the worl
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News
- Guerilla Litigation Causes Rio Grande LNG's Permits To Be Vacated [Forbes]Forbes
- NextDecade LNG Project Paying Price for ‘Wrist Slap,' CEO Says [BNN Bloomberg (Canada)]BNN Bloomberg
- NextDecade LNG Project Paying Price for ‘Wrist Slap,' CEO Says [Yahoo! Finance]Yahoo! Finance
- NextDecade (NEXT) Scraps CCS Application for Rio Grande LNG [Yahoo! Finance]Yahoo! Finance
- NextDecade Withdraws Carbon Capture and Storage Application at FERCBusiness Wire
NEXT
Earnings
- 8/14/24 - Miss
NEXT
Sec Filings
- 9/26/24 - Form 8-K
- 9/4/24 - Form 4
- 9/4/24 - Form 4
- NEXT's page on the SEC website