US approves USD 8.2 billion LNG port project led by Indian-American Sharad Tak
Published . Updated .
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Tak is a first-generation Indian-American entrepreneur and built and led businesses across technology, manufacturing, energy, broadcasting, and hospitality.
Directly affected
- No company is named in this report.
Indirectly affected
- UNG United States Natural Gas Fund-13.5% 30d
United States Natural Gas Fund: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- XLE Energy Select Sector SPDR+7.4% 30d
Energy Select Sector SPDR: it follows natural-gas prices. Linked by “lng” (natural gas) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks shipping freight. Linked by “port” (container shipping) in this story.
- INDA iShares MSCI India ETF-2.2% 10d
iShares MSCI India ETF holds stocks listed in India, which this story is about (“indian”).
- LNG Cheniere Energy+14.7% 30d
Cheniere Energy (natural gas distribution): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- ZIM ZIM Integrated Shipping Services+4.7% 30d
ZIM Integrated Shipping Services (deep sea foreign transportation of freight): shipping lines' rates jump when routes or ports are disrupted. Linked by “port” (container shipping) in this story.
- EQT Eqt-0.2% 30d
Eqt (crude petroleum and natural gas): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
- KMI Kinder Morgan
Kinder Morgan (natural gas transmission): gas producers and exporters earn more when gas prices rise. Linked by “lng” (natural gas) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| UNG | +5.45% | +4.74% | base | -0.77% | +0.44% | +2.15% | +1.98% |
| XLE | -0.51% | -2.20% | base | -3.91% | -4.71% | -9.28% | -11.35% |
| BWET | -4.39% | -3.93% | base | -2.78% | -10.37% | -24.41% | -28.03% |
| INDA | -2.35% | -1.95% | base | +1.51% | +2.02% | +4.81% | +4.95% |
| LNG | -8.99% | -9.90% | base | -5.68% | -5.81% | -11.62% | -14.69% |
| ZIM | +4.03% | +4.49% | base | -0.14% | +3.29% | +0.48% | — |
| EQT | -0.98% | +1.53% | base | -0.96% | -2.03% | -5.15% | -8.58% |
| KMI | +0.21% | -0.89% | base | -3.37% | -2.89% | -6.91% | -10.23% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
US approves USD 8.2 billion LNG port project led by Indian-American Sharad Tak Connected to India
Source: Connected to India
Energy
| Company | When | Move | Status |
|---|---|---|---|
| BWET | that day | -2.78% | final price |
| BWET | the next day | -10.37% | final price |
| BWET | two days later | -24.41% | final price |
| BWET | three days later | -28.03% | final price |
| BWET | three days earlier | -3.93% | final price |
| BWET | five days earlier | -4.39% | final price |
| EQT | that day | -0.96% | final price |
| EQT | the next day | -2.03% | final price |
| EQT | two days later | -5.15% | final price |
| EQT | three days later | -8.58% | final price |
| EQT | three days earlier | +1.53% | final price |
| EQT | five days earlier | -0.98% | final price |
| INDA | that day | +1.51% | final price |
| INDA | the next day | +2.02% | final price |
| INDA | two days later | +4.81% | final price |
| INDA | three days later | +4.95% | final price |
| INDA | three days earlier | -1.95% | final price |
| INDA | five days earlier | -2.35% | final price |
| KMI | that day | -3.37% | final price |
| KMI | the next day | -2.89% | final price |
| KMI | two days later | -6.91% | final price |
| KMI | three days later | -10.23% | final price |
| KMI | three days earlier | -0.89% | final price |
| KMI | five days earlier | +0.21% | final price |
| LNG | that day | -5.68% | final price |
| LNG | the next day | -5.81% | final price |
| LNG | two days later | -11.62% | final price |
| LNG | three days later | -14.69% | final price |
| LNG | three days earlier | -9.90% | final price |
| LNG | five days earlier | -8.99% | final price |
| UNG | that day | -0.77% | final price |
| UNG | the next day | +0.44% | final price |
| UNG | two days later | +2.15% | final price |
| UNG | three days later | +1.98% | final price |
| UNG | three days earlier | +4.74% | final price |
| UNG | five days earlier | +5.45% | final price |
| XLE | that day | -3.91% | final price |
| XLE | the next day | -4.71% | final price |
| XLE | two days later | -9.28% | final price |
| XLE | three days later | -11.35% | final price |
| XLE | three days earlier | -2.20% | final price |
| XLE | five days earlier | -0.51% | final price |
| ZIM | that day | -0.14% | final price |
| ZIM | the next day | +3.29% | final price |
| ZIM | two days later | +0.48% | final price |
| ZIM | three days earlier | +4.49% | final price |
| ZIM | five days earlier | +4.03% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Michael T. McCaul sold EQT (held by a spouse), worth $1,001 - $15,000 on 27 Aug 2026. That is 67 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought EQT, worth $1,001 - $15,000 on 17 Aug 2026. That is 77 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold EQT (held by a spouse), worth $1,001 - $15,000 on 14 Aug 2026. That is 80 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
How solid the energy case looks
12 out of 100
“US approves USD 8.2 billion LNG port project led by Indian-American Sharad Tak” scores 12 out of 100. The score uses 1 sources.