April 15, 2021 – Natural Gas Intelligence
April Chills Bring Shoulder Season Gains for Natural Gas Forward Prices
By: JEREMIAH SHELOR
U.S. LNG feed gas demand has held steady at record levels around 11 Bcf/d for the last few weeks, RBN Energy LLC analyst Lindsay Schneider said in a recent blog post.
“With Train 3 at Cheniere Energy’s Corpus Christi Liquefaction facility online and price spreads to global markets favorable for U.S. exports, that’s where it’s likely to stay, except for maintenance periods — at least until new liquefaction trains start commissioning later this year,” Schneider said.
There’s further upside for U.S. LNG demand heading into late 2021, according to the analyst.
“Two Louisiana projects, Venture Global’s new Calcasieu Pass facility and the sixth train at Cheniere’s existing Sabine Pass terminal, have both indicated that they will begin exporting commissioning cargoes by year’s end — ahead of their originally proposed construction schedules — a prospect that could boost Gulf Coast feed gas demand to even greater heights by the fourth quarter of 2021,” Schneider said.
Read the full article here: https://www.naturalgasintel.com/april-chills-bring-shoulder-season-gains-for-natural-gas-forward-prices/
