Capital Intensity And Project Approval RiskPlanned expansion projects may be more capital intensive and at least one lacks final commercial approval, increasing execution uncertainty and potential valuation pressure.
Commissioning And Operational Execution RiskVariability in commissioning timing and production ramps for new liquefaction trains, along with maintenance turnaround speed, creates execution risk that could materially affect near-term earnings and guidance.
Supply Disruption UncertaintyUncertainty about the duration of Middle Eastern LNG supply disruption could weaken price premiums and reduce the company's upside from higher market prices.