Intake of natural gas at the LNG Canada liquefaction site in Kitimat, BC reached a record monthly average of 1.78 Bcf/d in June 2026 (green column and text in chart below) as reported in our Canadian NatGas Billboard. This surpasses the previous best value of 1.70 Bcf/d posted in April 2026 (purple column and text) with the record also marking the one-year anniversary of the first commercial cargo shipped to Asian customers in June 2025. On the heels of the June record, we are currently estimating that July gas intake will drop to 1.2 Bcf/d as flare replacement work and other onsite maintenance has been taking place since the end of June. LNG Canada has not provided any timeline as to when this work might be completed.

Daily gas intake, computed as a combination of reported pipeline flows and our estimates, point to LNG Canada's gas use in July (blue dashed rectangle in chart below) having fallen to some of the lowest levels since mid-December 2025, aside from a short-term outage in mid-March 2026 when an unexpected power outage briefly sent gas intake to near zero. Export activity has slowed with the LNG tanker turnover rate — the time between tanker departure and next tanker arrival — having increased to more than two days in the past week and was already on an increasing trend from the first half of July and up from an average of less than one day of turnover which characterized much of the previous six months of shipping activity.