For the first time since 2014, Brent crude futures have crossed the $100 per barrel mark. Russia and Qatar supply nearly 70% of Europe’s LNG requirements. If Russia’s energy exports are also subject to sanctions, Qatar has already stated that it will not be able to fill the void left by Russia in Europe. European countries are rethinking their reliance on Russian energy and are looking for alternatives. The construction of the Nord Stream 2 natural gas pipeline has been halted in Berlin. Health and economic consequences could be catastrophic if Russia stops supplying Europe with natural gas.
Here is Insider Monkey’s list of the 10 LNG stocks to watch amid the Ukraine crisis. LNG is transported around the world by FLEX LNG Ltd. The company owns nine M-type LNG carriers that are electronically controlled. More than 150 percent of the stock’s value has risen in the past year due to rising energy prices and supply chain issues. TotalEnergies SE is a French oil and gas company with a diversified business portfolio. Yamal LNG, which is majority-owned by the Russian company Novatek, is 20 percent owned by the company. With 24 million shares worth more than $1.2 billion, Fisher Asset Management is a major shareholder. For the liquefaction, transportation, and regasification of LNG, Golar LNG Limited is a provider. The stock has a positive outlook from hedge fund investors. The company’s subsidiary, CoolCo, is attempting to list on the Oslo stock exchange as a public company. Recent months have seen a significant increase in the amount of money invested in the stock by hedge funds. Hedge funds increased their Shell Plc holdings to 41 at the end of the fourth quarter of 2021, bringing the total value of their stakes to $2.6 billion. As tensions in Europe disrupt energy supplies, the company is looking for contracts to ship natural gas abroad. Firm revenue jumped 53% year-over-year to $1.4 billion in the fourth quarter of 2021 as a result of higher energy prices. For more details, click 10 LNG Stocks To Watch Amid The Ukraine Crisis.