12 Best LNG Stocks to Buy According to Hedge Funds

8. BP p.l.c. (NYSE:BP)

No. of Hedge Fund Holders: 46

BP p.l.c. (NYSE:BP) is a recognized global LNG player with established and significant LNG marketing and trading capabilities across the world. The company is a leading buyer and seller of LNG in Asia and earlier this year, it signed a long-term LNG sale and purchase agreement with China’s Zhejiang Energy. Under the agreement, BP will supply 1 million mt/year of LNG to the Chinese company on a DES basis for a duration of 10 years.

BP p.l.c. (NYSE:BP) also announced this summer that it has secured a 17-year agreement to supply LNG to Italian gas and electricity distributor A2A, providing a possible path for more gas to reach the European country’s landlocked neighbors. As part of the agreement, A2A will purchase up to 10 LNG cargoes (equivalent to approximately 1 billion cubic meters of natural gas) per year from 2027 to 2044.

BP p.l.c. (NYSE:BP) is a British multinational company recognized worldwide for quality gasoline, transport fuels, chemicals, and alternative sources of energy such as wind and biofuels.