U.S. LNG feedgas demand remains exceptionally strong and every terminal is operating at or above long-term contracted levels.
Average demand reached 18.4 Bcf/d last week, a slight 0.3 Bcf/d drop from the previous week, mostly due to modest reductions in intake at Sabine Pass and Calcasieu Pass. Both terminals are still operating at peak level, just with a lower intake than the week before. Freeport Train 1 tripped offline on November 20, which resulted in a single-day drop in feedgas intake.
Feedgas demand has climbed by more than 4 Bcf/d since the start of the year, driven by commissioning at new terminals and expansions. The U.S.’s newest terminal, Plaquemines LNG is now operating near full capacity. We still expect feedgas demand to climb before the end of the year. Stay tuned to the LNG Voyager Weekly Report for more insights.
