The new Plaquemines LNG terminal gave U.S. LNG feedgas the edge it needed to reach record highs in February.
With Plaquemines commissioning going well and feedgas intake strong, U.S. feedgas demand was a record 15.09 Bcf/d in February, more than 1 Bcf/d higher than in January and 0.9 Bcf/d higher than the previous all-time high from December 2023.
Total U.S. LNG feedgas demand still averaged 15.45 Bcf/d last week, (see chart below) with a slight dip down 20 MMcf/d from the week before due to small changes in intake at all terminals. Sabine Pass, Cove Point, and Cameron are operating at high capacity levels. Corpus Christi and Freeport are operating at full utilization and Calcasieu Pass and Elba are just below full utilization. Feedgas intake at Plaquemines LNG held steady last week.
Flows to the commissioning terminal are around 1.5 Bcf/d with the first nine blocks commissioning and authorized to take feedgas. Let’s not forget the commissioning process can be somewhat of a rollercoaster and it’s common to have dips in the feedgas. But so far, Plaquemines is soaring.To read more about how Plaquemines LNG terminal will impact gas availability in Southeast Louisiana, check out, Follow Your Arrow.
