Cheniere Energy

Largest US LNG exporter. 90% long-term contracts (stable), 10% spot at historic premiums. Expanding capacity.

Cheniere Energy. US LNG export volumes to Europe quadrupled post-invasion. New trains commissioning into 2026-27. Long-term offtake contracts with European utilities now signed through 2040s — that's the Ukraine-specific angle, not the spot price exposure.