Chanos Shorting Cheniere Sides With Gas Bears Down on Oil, China
- Forecasters lower U.S. LNG outlook on reduced price advantage
- IEA sees Asian demand weaker than previously expected
The Bullish Case for Cheniere Energy
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Jim Chanos’s bet that Cheniere Energy Inc. is set for a fall puts the hedge fund executive in line with a growing chorus of analysts forecasting grim prospects for U.S. natural gas exports.
Multibillion-dollar liquefied natural gas projects are facing a hard future as a crash in energy markets strains producers’ resources and global demand for the fuel wanes. Chanos has placed negative bets on Cheniere, declaring in an interview on CNBC that the LNG industry is a "looming disaster."