12 Best LNG Stocks to Buy According to Hedge Funds

9. Shell plc (NYSE:SHEL)

No. of Hedge Fund Holders: 44

Shell plc (NYSE:SHEL) is the largest trader of LNG in the world and has been a pioneer of the industry for over 60 years. The company has every intention of maintaining its dominance and announced this summer that it would add up to 12 million metric tons of additional capacity by the end of the decade from projects under construction. It is estimated that the oil and gas giant is a current buyer of around 70 million metric tons per annum of contractual LNG.

It was reported in September that Edison has signed an agreement with Shell plc (NYSE:SHEL) to acquire LNG from the United States, expanding its long-term portfolio. Under the terms of the contract, the Italian company will receive around 0.7 million tons per annum of LNG starting in 2028 and continuing for up to 15 years.

Shell plc (NYSE:SHEL) is a global group of energy and petrochemical companies, employing 96,000 people across more than 70 countries.