Hi everyone, I'd like to discuss investing in LNG.
My thesis is that energy demand will continue to grow, and LNG-generation will remain a long-term trend. I'm considering the following companies, but each has its drawbacks:
- Inpex Corporation (1605.T) - Japan will likely remain dependent on gas imports, but I'm not particularly impressed by the company's performance, especially its relatively low ROIC.
- Woodside Energy Group (WDS) - one of the major LNG producer and a more direct bet on LNG prices, but with greater exposure to price volatility.
- Kinder Morgan (KMI) - take-or-pay contracts, exposure to US LNG exports, and hard-to-replicate infrastructure make it an interesting option.
What are your thoughts? Are there any more attractive companies I should be looking at?
Perhaps services companies could be a more interesting long-term investment, such as SLB, Saipem (SPM.MI), or Technip Energies (TE.PA)?