Simply switching 20% of Asia’s coal-fired power to LNG may save the energy equivalent to Germany’s entire emissions. Switching 10% of heavy goods vehicles and the shipping fleet to gas may save enough energy to take 16 million automobiles off the road. Global LNG commerce is estimated to reach 380 million tons in 2021, up around 6% from 2020. Exxon Mobil Corporation, Chevron Corporation, and ConocoPhillips are some of the best LNG stocks to buy right now.
Insider Monkey highlights the LNG shipping stocks to buy now. FLEX LNG Ltd. has increased its dividend for the past two years. In the fourth quarter of 2021, the company’s earnings surpassed market expectations. The spike in demand for LNG carriers has also helped the stock. TotalEnergies SE is a multinational oil and gas corporation. Some of this money will come from clean energy projects, according to CEO Patrick Pouyanne. The corporation indicated that its annual capex objective would be increased to roughly $16 billion. GLNG is a company that transports LNG. The company stated that the selling of shares would bring in roughly $250 million. Revenue of $115 million was recorded in the fourth quarter of 2021, exceeding market expectations by $1.3 million. Royal Dutch Shell Plc is a petrochemical and energy company. The company stated on April 11 that it has begun transporting LNG from a floating LNG facility off the coast of Australia. The stock’s resumption of operations could act as a growth stimulus. The stock of EQT Corporation has a Buy rating from Mizuho, with a price target of $64 up from $35. As the West’s reliance on Russian energy decreases, Mizuho believes that US gas shipments to Europe will need to be continued in the long run. For more details, click 10 LNG Shipping Stocks To Buy Now.