Egypt set to ramp up LNG imports through 2030, tightening global market
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Egypt's LNG Purchases: Egypt plans to increase its liquefied natural gas (LNG) purchases until 2028 to meet rising demand and compensate for declining local production, having already signed long-term import infrastructure deals and negotiating with Qatar for gas supply contracts.
Market Impact: Shares of LNG producers like Venture Global and Cheniere Energy rose following the European Union's commitment to purchase $750 billion worth of LNG over the next three years as part of a new trade agreement.
Analyst Views on COM
Wall Street analysts forecast COM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for COM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 30.951
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
