U.S. LNG feedgas jumped by about 1 Bcf/d in the last week as the maintenance season winds to a close. Corpus Christi and Freeport are back to full operations.
U.S. LNG feedgas demand averaged 17.9 Bcf/d for the week ending June 14 (see blue-dotted line below), up 0.95 Bcf/d week-on-week.
Freeport had one train offline from May 13 to around June 10 before ramping back up. As of last weekend, intake at the terminal was consistent with full operations. Corpus Christi intake rebounded last week following pipeline maintenance the prior week, according to our LNG Voyager Weekly report.
It is unlikely that any terminals will schedule further planned maintenance until October, when Cove Point takes its annual outage, leaving feedgas demand strong this summer.
Intake at commissioning Golden Pass increased last week, after the terminal took only small volumes of feedgas from June 2–9. Short shutdown periods are a normal part of the commissioning process and are not necessarily indicative of an issue. Feedgas deliveries to the terminal reached 0.42 Bcf/d over the weekend, a new record for the terminal, but about half of what it would need to operate Train 1 at full capacity.
