Technip Energies
Note: This is a daily stock update and the information stands true as of 18/05/26, 09:00 CET
Company Update:
Technip Energies has received Full Notice to Proceed on the Commonwealth LNG EPC contract following the project's Final Investment Decision: the contract is valued at over $1.2 billion and will be booked in Q2 2026 under the Project Delivery segment.
This is key as it validates SNAP LNG as the reference technology for the next wave of LNG investments (in the US and abroad). SnapLNG is a single design replicated identically across all six trains: compressed construction schedules, optimized costs, predictability at scale. Where a traditional LNG megaproject runs 5-7 years from FID to first cargo and routinely destroys project economics through engineering complexity, SnapLNG eliminates the execution risk that kills returns. In a market where Qatar is partially offline, Hormuz under pressure, and buyers desperate for supply from stable jurisdictions, delivery certainty is worth as much as capacity itself.
Commonwealth's 9.5 mtpa alone covers 75% of the volume lost from damaged Qatari trains. Combined with Plaquemines, CP2, Port Arthur, and Woodside Louisiana, this is the largest US liquefaction buildout in history, arriving precisely when the market needs it most.
First LNG production expected in 2029, roughly three years from FID.
While near-term remains somewhat mixed (with Hormuz effectively closed, LNG route disruption, and cargo uncertainty weighing on short-term sentiment), we remain firmly bullish on the stock over the long run, considering its intrinsic qualities.
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Expert Opinion:
We trust Frederic when he says Technip is a stock to buy and hold for the long run. Stock is a bit expensive to my liking (PE26 of 20.7x on the back of our numbers) but considering its long term prospects and the need for more LNG installations down the road, we see the rationale to buy and keep playing the momentum.
We trust Frederic when he says Technip is a stock to buy and hold for the long run. Stock is a bit expensive to my liking (PE26 of 20.7x on the back of our numbers) but considering its long term prospects and the need for more LNG installations down the road, we see the rationale to buy and keep playing the momentum.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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