Presidential Determination Pursuant to Section 303 of the Defense Production Act of 1950, as Amended, on Natural Gas Transmission, Processing, Storage, and Liquefied Natural Gas Capacity

MemorandumInvestment or subsidySigned 04/20Federal Register 04/23Open the original

Summary

Under section 303 of the Defense Production Act, President Trump determines that natural gas transmission, processing and storage and LNG liquefaction and export capacity are essential to the national defense, allowing the Secretary of Energy to use purchases, purchase commitments and financial support to expand them.

By industry

Energy & LNG1 trading day−0.4%p15 stocks5 trading days+0.2%p15 stocks20 trading days+0.7%p15 stocks
“natural gas and LNG capacity, including gathering and transmission pipelines, compression, processing plants, underground storage, LNG liquefaction”

Day by day after the announcement

Energy & LNG stocks and the S&P 500 after the announcement, cumulative %
Day	Energy & LNG stocks	S&P 500
26/04/17	0.0%	0.0%
26/04/20	−0.5%	−0.1%
26/04/21	−0.1%	−0.5%
26/04/22	+1.7%	+0.0%
26/04/23	+1.8%	−0.1%
26/04/24	+0.7%	+0.5%
26/04/27	+1.0%	+0.8%
26/04/28	+2.5%	+0.3%
26/04/29	+4.6%	+0.4%
26/04/30	+6.3%	+1.4%
26/05/01	+5.3%	+1.3%
26/05/04	+8.0%	+1.1%
26/05/05	+6.7%	+2.3%
26/05/06	+1.7%	+3.2%
26/05/07	+0.4%	+2.9%
26/05/08	−1.1%	+3.9%
26/05/11	+0.9%	+4.1%
26/05/12	+2.5%	+3.8%
26/05/13	+2.5%	+4.7%
26/05/14	+3.5%	+5.3%
26/05/15	+4.6%	+3.9%

Korean stocks in these industries

Korea Gas Corporation 036460
POSCO International 047050
SK Innovation 096770
Samsung Heavy Industries 010140

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Marcel TeunissenEVP & CFO
BuyExpand Energy
Buy
Expand Energy
EXE
$192.9K
2,000 sh
$192.9K
Filed 05/07
Traded 05/07
Jeffrey A. JewellExecutive V.P., CFO
BuyDT Midstream
Buy
DT Midstream
DTM
$22.2K
150 sh
$22.2K
Filed 05/15
Traded 05/15
Zach DavisEVP & CFO
SellCheniere Energy
Sell
Cheniere Energy
LNG
$8.7M
29,000 sh
$8.7M
Filed 04/01
Traded 03/30
John Dean PorterEVP & CFO
SellWilliams Companies
Sell
Williams Companies
WMB
$3.8M
50,000 sh
$3.8M
Filed 05/07
Traded 05/06
Fory MusserSenior VP, Development
SellVenture Global
Sell
Venture Global
VG
$26.2M
2,000,000 sh
$26.2M
Filed 05/15
Traded 05/14
Anatol FeyginEVP & Chief Commercial Officer
SellCheniere Energy
Sell
Cheniere Energy
LNG
$8.8M
30,183 sh
$8.8M
Filed 03/30
Traded 03/26
Brian CothranCOO
SellVenture Global
Sell
Venture Global
VG
$7M
473,533 sh
$7M
Filed 05/21
Traded 05/19
Dennis DegnerCEO & Pres
SellRange Resources
Sell
Range Resources
RRC
$693.2K
15,000 sh
$693.2K
Filed 03/31
Traded 03/30
Sean N. MarkowitzEVP, CLO and Corp Sec
SellCheniere Energy
Sell
Cheniere Energy
LNG
$3.9M
13,436 sh
$3.9M
Filed 03/30
Traded 03/26
Alan ArmstrongSenator · Republican · OK
Full saleKinder Morgan
Full sale
Kinder Morgan
KMI
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27
Anatol FeyginEVP & Chief Commercial Officer
SellCheniere Energy
Sell
Cheniere Energy
LNG
$3M
10,249 sh
$3M
Filed 03/30
Traded 03/26
Sean N. MarkowitzEVP, CLO and Corp Sec
SellCheniere Energy
Sell
Cheniere Energy
LNG
$2.6M
8,810 sh
$2.6M
Filed 03/30
Traded 03/26
Brian CothranCOO
SellVenture Global
Sell
Venture Global
VG
$1.8M
120,623 sh
$1.8M
Filed 05/21
Traded 05/20
Jonathan W. ThayerCFO
Sell10b5-1 planVenture Global
Sell10b5-1 plan
Venture Global
VG
$1.6M
111,111 sh
$1.6M
Filed 05/19
Traded 05/19
Yvette K. SchultzSEE REMARKS
SellAntero Resources
Sell
Antero Resources
AR
$1.5M
38,941 sh
$1.5M
Filed 05/04
Traded 05/04
G. Andrea BottaDirector
SellCheniere Energy
Sell
Cheniere Energy
LNG
$1.5M
5,000 sh
$1.5M
Filed 03/30
Traded 03/27
Jonathan W. ThayerCFO
Sell10b5-1 planVenture Global
Sell10b5-1 plan
Venture Global
VG
$1.3M
111,111 sh
$1.3M
Filed 04/21
Traded 04/21
Jonathan W. ThayerCFO
Sell10b5-1 planVenture Global
Sell10b5-1 plan
Venture Global
VG
$1.3M
111,112 sh
$1.3M
Filed 04/21
Traded 04/20
Jonathan W. ThayerCFO
Sell10b5-1 planVenture Global
Sell10b5-1 plan
Venture Global
VG
$1.2M
86,528 sh
$1.2M
Filed 05/19
Traded 05/18
William N. Thorndike Jr.Director
SellCNX Resources
Sell
CNX Resources
CNX
$1.1M
28,800 sh
$1.1M
Filed 05/06
Traded 05/04