U.S. LNG feedgas demand remained strong last week, with all operational terminals at or above full contracted utilization and Golden Pass has begun taking meaningful feedgas volumes for the first time.
Feedgas demand averaged nearly 19 Bcf/d last week, up 0.05 Bcf/d week-on-week. The average has been nearly 18.5 Bcf/d since the beginning of November, compared to 14 Bcf/d at the same time last year.
The largest growth driver has been Plaquemines LNG, which is technically still commissioning but has been producing LNG at full utilization since then.
More growth is expected this year as Corpus Christi Stage III continues to ramp up online and Golden Pass is expected to begin producing LNG soon. On February 17, intake at Golden Pass jumped from around 30 MMcf/d to 171 MMcf/d and hit nearly 300 MMcf/d over the weekend.
ExxonMobil said it expects to begin LNG production at Golden Pass by early March. Stay tuned to the LNG Voyager Weekly Report for more insights on the LNG industry.
