(Bloomberg) -- After years building out export capacity and hiring traders, producers of liquefied natural gas and commodity trading houses are seizing on an unprecedented surge in the price of the fuel.The combination of a severe cold snap in Asia, supply outages and maritime congestion has propelled spot prices for LNG to previously unforeseen heights. The North Asian price benchmark has now risen 18-fold in less than nine months, outperforming other commodities -- even Bitcoin.Winners in this...

Oil prices hit a ten-month high on Tuesday on the back of OPEC+ cuts and a weak U.S. dollar

Taiwan's state-owned CPC Corp began on Sunday receiving liquefied natural gas (LNG) cargoes from Cheniere Energy Inc under a 25 year deal signed with the U.S. company in 2018, and will get around 30 shipments annually. CPC said the vessel carrying the LNG, from Cheniere's Corpus Christi, Texas, LNG facility, had arrived at the LNG terminal in Taichung. Under the agreement, signed shortly before Taiwan President Tsai Ing-wen visited the United States in August 2018, the island will receive appr...

They trade at compelling valuations

(Bloomberg) -- Liquefied natural gas traders anticipate a swift demand recovery in 2021 after a year in which the coronavirus pandemic prompted dramatic price swings.Colder weather in key importing nations, outages at major production hubs and congestion along global shipping routes already have combined to push spot prices in Asia to the highest level since 2014. That’s a more than sixfold jump from a record low in April, making Asian LNG the best performer among major commodities in 2020.Deman...

Earlier this month, oil giant ExxonMobil (NYSE: XOM) announced that it was going to take a massive $20 billion writedown. A substantial portion of that writedown is tied to a big investment the company made in natural gas a number of years ago that worked out terribly. At the same time, the company's management has decided to prioritize its capital investments going forward, focusing on oil assets it thinks will deliver the best returns.

Technically, resistance is a retracement zone at $2.685 to $2.760. On the downside, the minimum target is $2.538.

Cheniere Partners' (CQP) latest LNG cargo deal highlights the recovering energy demand scenario.

The global infrastructure operator is still on track to grow its cash flow per share despite some challenges during the second quarter. The headwinds facing the company should fade, and it should benefit from some needle-moving investments made at the end of 2020. On top of that, it has plenty of financial flexibility to continue making value-enhancing investments over the next year.