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Cheniere Energy Inc. (NYSEMKT: LNG) is a liquefied natural gas company that owns and operates the Sabine Pass LNG terminal in Louisiana. Based in Houston, LNG is also developing an export facility in Corpus Christi, Texas.
LNG stock climbed when U.S. President Barack Obama vetoed Keystone XL pipeline legislation on Feb. 25. The veto injected new stimulus to the boom in transporting crude by rail. Cheniere owns nine facilities that turn natural gas into its liquefied state. They will benefit if the Keystone doesn't get built.
But demand for liquefied natural gas is global and expected to grow by more than half by 2040 – the fastest rate of all fossil fuels – according to an annual forecast by the International Energy Agency (IEA).
For countries that lack indigenous natural gas resources and delivery infrastructure, LNG represents a rapid and cost-effective means of introducing natural gas into their local fuel mix. This global demand for LNG is why Cheniere is the sector's best bet.