Cheniere Energy (LNG) Expands LNG Capacity with New Brownfield Projects, Boosts Cash Flow

Cheniere Energy, Inc. (NYSE:LNG) ranks among the best growth stocks to buy for the next 10 years. On July 15, Scotiabank reiterated its Sector Outperform rating on Cheniere Energy, Inc. (NYSE:LNG) while raising its price target from $250 to $261 on the company’s shares. Scotiabank credited Cheniere’s revised capital allocation strategy and price deck modifications for the price target hike.

The adjustment followed Cheniere’s medium-term outlook update in late June, which detailed a possible route to 100 million tonnes per annum (Mmtpa) of nameplate output and substantial cash flow generation prospects.

In addition to two new brownfield expansions, SPL Stage V and CCL Stage IV, Cheniere Energy, Inc. recently announced the final investment decision for its Midscale trains 8 and 9. These expansions would raise the company’s capacity to almost 73 Mmtpa.

Cheniere Energy, Inc. is an American provider of liquefied natural gas storage and transportation services. The company operates through its subsidiaries, which include Cheniere Marketing, LLC and Cheniere Energy Partners, L.P.

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