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Only Two LNG Export Plants That Matter: Dominion and Cheniere Says Cramer

July 30, 2023
in Trade Tube
Reading Time: 1 min read
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TheStreet’s Jim Cramer says right now there are only two liquified natural gas plants that he’s taking seriously: Cheniere Energy and Dominion Resources. On Monday, Dominion posted earnings of $0.84 a share in the fourth quarter, a penny higher than expectations. The company also boosted its quarterly cash dividend by 8 percent. Cramer asks, are there really only going to be 2 LNG exporters in this country? If that’s the case, he says, then you have to understand natural gas is going to stay cheap for the next decade and we’re going to become a manufacturing powerhouse because there’s no place to put it. He says a lot of people thought there might be 12 to 15 LNG export plants but he says there’s only going to be two: Dominion and Cheniere.

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