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Matt DiLallo has positions in Chevron and ConocoPhillips. The Motley Fool has positions in and recommends Cheniere Energy and Chevron. The Motley Fool recommends ConocoPhillips. The Motley Fool has a disclosure policy.
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Liquefied natural gas (LNG) stocks are publicly traded energy companies focused on operating and developing infrastructure to support the global LNG market. LNG is becoming one of the most important fuels in the global energy transition. While natural gas is abundant, flexible, and cleaner than coal or oil, the challenge is transportation. LNG solves that problem by cooling gas into a liquid that energy companies can ship worldwide.
Demand is rising fast, driven by Asia’s growth, energy security concerns, and the need for lower-carbon alternatives to coal and oil. LNG giant Shell expects demand to grow by 54% to 68% by 2040 and by as much as 85% by 2050. Key demand drivers include:
A small group of large, well-capitalized energy companies are in the best position to benefit. Here’s what you need to know about investing in LNG stocks.
Chevron is a major player in the global LNG market. It operates the Gorgon and Wheatstone LNG projects in Australia, making it a major LNG supplier to Japan. It also owns an interest in Angola LNG, one of the largest energy projects in Africa and the first LNG project in Angola. Additionally, the company operate the Leviathan gas field offshore Israel, including a floating LNG terminal.
Chevron also has LNG contracts with several third-party terminals along the U.S. Gulf Coast. These agreements will enable it to export 7 million metric tons of LNG per year from the U.S. Gulf Coast starting in 2026.
Energy Transfer had been trying to develop Lake Charles LNG for over a decade. While the pipeline company suspended development of the project in late 2025, it remains open to discussions with third parties interested in developing it. Energy Transfer decided to stop working on Lake Charles LNG to focus on its large backlog of natural gas pipeline infrastructure projects.
LNG is a big driver of demand for space on Energy Transfer's vast gas pipeline infrastructure. For example, Energy Transfer is building the $2.7 billion Hugh Brinson Pipeline to transport more gas from the Permian Basin to the U.S. Gulf Coast, which is benefiting from robust LNG demand. Growing LNG demand could boost volumes across Energy Transfer's existing pipelines and support new expansion opportunities.
Here's a step-by-step guide on how to invest in LNG stocks:
Investing in LNG stocks has its pros and cons. Some of the benefits include:
Meanwhile, some of the risks of investing in these stocks include:
The world's economies will need a growing supply of cleaner fuels in the decades ahead to help combat climate change. Due to its abundance and lower carbon emissions when burned, natural gas appears poised to provide a significant share of that supply. LNG gives it the global access needed to reach key markets, including energy-hungry Asian nations. Demand could grow significantly in the coming years, especially from sources outside the Persian Gulf, amid the potential for another Iranian-driven supply disruption. These factors make LNG stocks a potentially compelling long-term investment opportunity.
Several energy companies have invested in developing LNG export terminals. However, these seven publicly traded companies give investors the clearest exposure to global LNG growth.






| Name and ticker | Market capMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary. | Dividend yield | Industry |
|---|---|---|---|
| ConocoPhillips (NYSE:COP) | $132.1 billion | 3.04% | Oil, Gas and Consumable Fuels |
| Cheniere Energy (NYSE:LNG) | $53.4 billion | 0.85% | Oil, Gas and Consumable Fuels |
| ExxonMobil (NYSE:XOM) | $587.2 billion | 2.88% | Oil, Gas and Consumable Fuels |
| Shell Plc (NYSE:SHEL) | $228.6 billion | 3.61% | Oil, Gas and Consumable Fuels |
| TotalEnergies (NYSE:TTE) | N/A | N/A | Oil, Gas and Consumable Fuels |
| Chevron (NYSE:CVX) | $346.6 billion | 4.01% | Oil, Gas and Consumable Fuels |
| Energy Transfer (NYSE:ET) | $68.2 billion | 6.74% | Oil, Gas and Consumable Fuels |
In 2016, Cheniere Energy (LNG +2.14%) became the first company to export LNG from the lower 48 states. It has invested more than $50 billion to become the leading U.S. LNG producer and the second-largest global producer. The company operates two LNG facilities along the U.S. Gulf Coast that export gas to foreign buyers:
Cheniere Energy sells roughly 90% of its LNG to foreign buyers, such as utilities, under long-term, fixed-fee contracts. The company's contracted volumes provide it with a predictable cash flow. It uses the money to repay debt, invest in expanding operations (e.g., Corpus Christi Midscale Trains 8 & 9), and reward shareholders through dividends and share repurchases.
Cheniere plans to deploy more than $25 billion of its available cash towards accretive growth, share repurchases, balance sheet management, and dividends through 2030. That supports its aim to generate more than $30 per share of distributable cash flow by the end of 2030.
ConocoPhillips (COP +1.97%) is becoming a major player in the global LNG market. The U.S. oil and gas giant owns interests in LNG production facilities in Australia, Qatar, and Equatorial Guinea.
The company is actively expanding its global LNG portfolio. It has a 30% interest in Port Arthur LNG, which should start up in 2027. It's also an investor in two new LNG expansions in Qatar (North Field South and North Field East), which have experienced minor delays due to the war. Additionally, the company has signed LNG purchase agreements for projects on the U.S. Gulf Coast and the west coast of Mexico. It has also signed regasification agreements in Europe and sales contracts in Asia, and signed a 30-year supply deal in 2026 to support phase one of the Alaska LNG project.
ConocoPhillips' investments in LNG will help fuel considerable free cash flow growth, adding $1 billion to its annual total in both 2027 and 2028 as its trio of projects start production.
ExxonMobil (XOM -0.55%) is a global leader in LNG. The oil and gas giant holds interests in several LNG projects worldwide that produce 23 million tons per year. Notable investments include ownership interests in Gorgon LNG and PNG in Papua New Guinea, as well as several LNG trains in Qatar.
LNG is one of ExxonMobil’s four strategic investment focus areas. The company is investing in several projects, aiming to grow its global capacity to 27 MTPA. One notable investment is the more than $10 billion Golden Pass LNG project in the U.S. The joint venture with QatarEnergy will have the capacity to export about 18 million tons of LNG per year. It started shipping LNG in April 2026, becoming the 9th U.S. LNG export terminal.
ExxonMobil is also working with QatarEnergy, Shell, ConocoPhillips, TotalEnergies, and others to expand the North Field in Qatar. The two-phase expansion will feature six LNG trains, increasing capacity from 77 MTPA to 126 MTPA by 2027. The first phase will cost an estimated $30 billion. Meanwhile, in late 2025, the company's partner in Australia's Gorgon project, Chevron (CVX +1.07%), approved the $2 billion Gorgon Stage 3 project. It also joined ConocoPhillips in signing a gas supply deal to support Alaska LNG.
These investments will enable the oil giant to achieve its bold goal of roughly doubling the size of its LNG business to around 40 million tons per year by 2030. Meanwhile, Exxon expects new LNG project start-ups in Papua New Guinea and Mozambique to fuel growth beyond 2030.
Shell (SHEL +0.35%) was an early pioneer in the LNG market and has grown into a dominant force over the years. The company has LNG supply projects in 10 nations, representing about 44 million tons of capacity and meeting aroud 16% of global demand. It also has interests in a couple of regasification plants that turn LNG back into gas so it can flow through local pipeline systems.
Shell operates an integrated gas business. It controls supply by producing gas from various fields. The company also operates LNG export facilities and markets LNG -- from its own facilities and from third-party facilities -- to customers around the world. The combination enables Shell to keep costs low to maximize the value of the LNG it produces.
Shell is actively expanding its leading global LNG business. It aims to add up to 6.4 million tons of capacity by the end of the decade. It has projects underway in Qatar, Nigeria, and the UAE. Shell is also a partner with Exxon and Chevron in the Gorgon project. Once complete, they'll help extend the company's dominance in the global LNG market.
TotalEnergies (TTE +1.35%) has made LNG a priority in recent years. The French energy giant focuses on investing in renewable energy, electricity, and natural gas. It aims to have gas -- natural gas, hydrogen, and biogas -- supply 50% of its energy mix by 2030.
TotalEnergies has acquired and developed several LNG projects over the past few years. The investments pushed it up the global rankings for production capacity. Combined with its third-party supply agreements, it was the world's third-largest LNG player.
TotalEnergies expects to continue expanding its LNG empire in the coming years. It joined forces with GIP and NextDecade (NEXT +4.16%) to participate in the Rio Grande LNG project in the U.S., which will grow its capacity from 12 MTPA to more than 15 MTPA by 2030. It also took a 16.6% stake in the Energia Costa Azul LNG project in Mexico. Additionally, the company resumed development of a massive $20 billion LNG project in Mozambique in early 2026, which it expects will begin producing by 2029. Finally, it agreed to a long-term offtake agreement for 2 MTPA of LNG from the proposed Alaska LNG project in early 2026.