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Morgan Stanley upgrades US LNG exporters amid supply disruptions
Morgan Stanley has upgraded Venture Global and Cheniere Energy to Overweight, citing a significant shift in the global gas market caused by supply disruptions in the Middle East. This shift has tightened near- and medium-term balances, reducing the risk of oversupply and increasing the likelihood of higher gas prices. The firm sees strong upside for Venture Global due to its exposure to spot LNG prices, while Cheniere Energy’s largely contracted portfolio offers stable cash flows with some uplift from higher prices.