Japan returns to long-term LNG deals on AI boom, national energy plan
Written by Emily J. Thompson, Senior Investment Analyst
0mins
Source: Newsfilter
Japan's LNG Demand Forecast: Japan's LNG demand may rise to 74 million tons by 2040 if decarbonization technologies lag, despite a government plan projecting a decrease to between 53 and 61 million tons. The growth of data centers and the need for reliable energy sources are driving renewed interest in long-term LNG contracts.
Market Dynamics and Future Deals: Japanese utilities are actively pursuing long-term LNG supply agreements amid rising energy costs and uncertainty surrounding carbon neutrality goals. Recent deals include partnerships with U.S. suppliers and ongoing negotiations for additional supplies from Qatar, reflecting a shift back to LNG as a transition fuel.
Analyst Views on ET
Wall Street analysts forecast ET stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ET is 20.65 USD with a low forecast of 17.00 USD and a high forecast of 23.00 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.
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 18.110
Low
17.00
Averages
20.65
High
23.00
Current: 18.110
Low
17.00
Averages
20.65
High
23.00
About ET
Energy Transfer LP owns and operates a diversified portfolios of energy assets in the United States, with more than 140,000 miles of pipeline and associated energy infrastructure. The Company’s strategic network spans 44 states with assets in all of the major United States production basins. Its core operations include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. The Company’s segments include intrastate transportation and storage, interstate transportation and storage, midstream, NGL and refined products transportation and services, crude oil transportation and services, investment in Sunoco LP, investment in USA Compression Partners, LP (USAC), and all other. It also owns Lake Charles LNG Company, LLC, its wholly owned subsidiary, which owns an LNG import terminal and regasification facility.
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.
