As global Liquified Natural Gas (LNG) demand rises, TSI’s Scott Clayton has pinpointed 11 standout LNG-focused and natural gas infrastructure companies whose proven dividend sustainability scored highly in our latest screen. Our Globe and Mail exclusive is based on our comprehensive 12-point Dividend Sustainability Rating System to identify stocks that can anchor income portfolios: steady and growing payouts, balance-sheet strength, and dependable cash flows from some of the most established LNG producers, pipeline operators, and integrated energy majors.
These high-potential businesses span the LNG value chain. They range from Canadian pipeline and gas producers tied into the Cedar LNG and LNG Canada projects, to U.S. export powerhouses on the Gulf Coast, global supermajors with diversified LNG portfolios, and specialized shippers and liquefaction developers. Whether it’s a Calgary-based pipeline operator feeding Kitimat, a Houston exporter running Sabine Pass and Corpus Christi, or an Australian LNG pioneer with stakes in Gorgon, each name combines industry scale with years of dividend reliability.
Our screening process began with Canadian, U.S., and international firms that supply, process, transport, or ship LNG, then narrowed to those demonstrating the strongest fundamentals as LNG consumption climbs in Asia and from energy-hungry AI infrastructure.
TSI’s Dividend Sustainability Rating System scores each company on critical factors: dividend longevity (with extra points for longer payment streaks and recent increases), management’s clear commitment to payouts, resilience across economic cycles, limited foreign exchange and political risks, strong balance sheets with manageable debt, ample cash flow coverage, and consistent earnings power over many years. Additional points go to recognized industry leaders whose scale and infrastructure networks create durable competitive advantages in the global LNG trade.
Excerpt from theglobeandmail.com, February 5, 2026
Sustainable dividends from those companies gearing up to meet rising demand for liquefied natural gas (LNG).
Pembina Pipeline Corp. recently signed a 12-year agreement to provide Ovintiv Inc. with 500,000 tonnes per year of gas capacity at its 49.9%-owned Cedar LNG facility. Pembina will do the same for Malaysia’s Petronas, providing it with 1.0 million tonnes of capacity annually for 20 years.
The agreements provide Ovintiv and Petronas with a new export outlet for their Canadian natural gas, which is converted to LNG before being shipped by tanker. Export from the west coast of Canada offers the shortest shipping distance to Asian LNG markets of any North America terminal. The deals also create a stable, long-term revenue stream for Pembina.
Worldwide demand for LNG continues to rise, largely driven by economic growth in Asia (especially Japan, China and South Korea) and energy-thirsty artificial intelligence infrastructure.
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Natural gas is produced around the world, and the simplest way to transport it is through a pipeline. Still, the gas can be cooled into a liquefied form and transported by tanker.
Our search started with a list of Canadian, U.S. and global firms supplying, processing and ultimately shipping LNG. We then applied our TSI Dividend Sustainability Rating System to a short list of income payers. It awards points to a stock based on key factors:
- One point for five years of continuous dividend payments
- Two points for more than five
- Two points if it has raised the payment in the past five years
- One point for management’s commitment to dividends
- One point for operating in non-cyclical industries
- One point for limited exposure to foreign currency rates and freedom from political interference
- Two points for a strong balance sheet, including manageable debt and adequate cash
- Two points for a long-term record of positive earnings and cash flow sufficient to cover dividend payments
- One point for an industry leader
Companies with 10 to 12 points have the most secure dividends, or the highest sustainability. Those with seven to nine points have above average sustainability; average sustainability, four to six points; and below average sustainability, one to three points.
Ovintiv Inc. (with a 2.7% yield), based in Denver, but with a considerable presence in Calgary, is a major producer of oil and gas. Calgary-headquartered Pembina Pipeline Corp. (5.0%) operates pipelines and more in Canada and the U.S. It also owns 49.9% of Cedar LNG.
Cheniere Energy Inc. (1.1%), based in Houston, is a leading U.S. LNG producer and one of the largest global producers. The company operates two export LNG facilities along the U.S. Gulf Coast, Sabine Pass and Corpus Christi.
BP PLC (5.1%) and Shell PLC (3.8%), both headquartered in London, England, are among the world’s leading natural gas and LNG suppliers, plus they also operate sizable LNG shipping fleets.
Natural gas pipeline and power plant operator TC Energy Corp. (4.2%), based in Calgary, has strong cash flow and growth projects to keep dividends rising; that includes major supply deals with big U.S. LNG export plants. It has also completed its 670-kilometre Coastal GasLink pipeline, which is pumping natural gas from northeastern B.C. to LNG Canada’s new export facility in Kitimat, B.C.
ARC Resources Ltd. (3.3%), headquartered in Calgary, is contracted to supply natural gas to both the LNG Canada facility and the planned Cedar LNG plant in B.C. It also has a long-term supply agreement with Cheniere Energy’s Sabine Pass facility.
California-based Chevron Corp. (3.9%) has a large and growing LNG portfolio, including import and export terminals. It also holds interests in major LNG projects, including Australia’s huge Gorgon LNG facility. Texas-based Exxon Mobil Corp. (2.8%) owns interests in several LNG projects across the world, including part of Gorgon LNG, as well as plants in Papua New Guinea and Qatar.
Golar LNG Ltd. (2.4%), headquartered in Bermuda, engages in LNG shipping, as well as developing liquefaction projects. And finally, Australia’s Woodside Energy Group Ltd. (6.5%) led the development of the LNG industry in Australia. Today, it’s a major global LNG supplier.
Scott Clayton, MBA, is senior analyst for TSI Network and associate editor of TSI Dividend Advisor.
