Overall feedgas last week averaged 10.54 Bcf/d, up 220 MMcf/d week-on-week, driven by higher flows to Freeport. The Freeport, Calcasieu Pass and Cameron terminals are all operating slightly below full-utilization levels currently, but maintenance at Sabine Pass is the primary reason for the low feedgas demand overall. Twenty LNG cargoes departed from U.S. terminals last week, down two from the previous week. Five cargoes left from Sabine Pass, four from Corpus Christi, three each from Freeport, Cameron, and Calcasieu Pass, and one each from Elba and Cove Point. Of the 20 cargoes exported from the U.S. last week, nine headed to Europe, one to Asia, four to Latin America, and six to destinations yet unknown. So far in June, about half of all U.S. cargoes have headed to Europe, more than any other region, but down from the volumes that the U.S. had been exporting to the region both in terms of percentage of total exports and actual number of cargoes. U.S. total exports have also fallen this month as maintenance impacted LNG output.
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- Analyst Insight
Winter Peak Operations for US LNG Ends as Freeport Restarts
Winter peak operations for US LNG ends as Freeport restarts. Only Cove Point feedgas intake remains at peak winter level. Overall feedgas last week averaged 12.12 Bcf/d, down 610 MMcf/d week-on-week. Higher flows to Freeport during the restart were offset by lower flows to Calcasieu Pass, Sabine Pass, and Cameron.
- Analyst Insight
US LNG Feedgas Demand Up with Room for Growth
US LNG feedgas demand continues to rise but there is still more room for growth. Feedgas is not yet back to April peaks.
- Analyst Insight
U.S. LNG Feedgas Flows Higher with Sabine Pass Maintenance Coming to an End
US LNG feedgas and exports rise as the US’ largest terminal, Sabine Pass, wraps up maintenance.
