Cheniere Energy's third-quarter profit falls on lower LNG margins
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Oct 31 (Reuters) -Cheniere Energy LNG.N reported a fall in its third-quarter profit on Thursday, hurt by lower liquefied natural gas (LNG) margins.
Natural gas prices had fallen in the quarter from the previous year due to higher global inventories and lower demand forecasts, pressuring margins for LNG producers such as Cheniere.
The company's LNG revenue was at $3.55 billion in the quarter ended Sept. 30, compared with $3.97 billion a year earlier.
Net income attributable to Cheniere was at $893 million for the quarter, compared with $1.7 billion a year ago.
Reporting by Tanay Dhumal in Bengaluru; Editing by Shilpi Majumdar
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