U.S. LNG feedgas is still operating at peak levels, averaging about 19.4 Bcf/d, down 0.08 Bcf/d from the previous week. The only minor disruptions have been tied to pipeline maintenance and several key pipelines have upcoming work scheduled, which may disrupt feedgas availability later this month and into May.
Commonwealth LNG has largely completed commercialization of its 9.5 MMtpa export terminal (1.3 Bcf/d) and is approaching a final investment decision (FID). It is under development by Caturus (formerly Kimmeridge Energy) near Cameron, LA (see picture below). The project has obtained all required regulatory approvals.
Caturus has indicated FID could come in a matter of weeks (see our blog on how an LNG project reaches FID in Greenlight). As part of recent agreements, existing offtakers EQT and Glencore each agreed to increase their commitment by an additional 1 MMtpa (0.13 Bcf/d) from Commonwealth LNG. Caturus has said it has secured sufficient commercial commitments to move forward and, on April 7, issued a notice to its engineering, procurement, and construction (EPC) contractor, Technip Energies, to advance work ahead of FID.
Although JERA recently exited its long-term offtake agreement, the incremental volumes from EQT and Glencore bring total contracted capacity to roughly 8 MMtpa out of 9.5 MMtpa (or 1.05 Bcf/d out of 1.3 Bcf/d). For more insights on the U.S. LNG industry, check out the LNG Voyager Weekly Report.
