Overall feedgas last week averaged 12.09 Bcf/d, down 180 MMcf/d week-on-week, amid lower flows to Freeport LNG, where two trains went offline over the weekend. However, that has not yet been confirmed by the terminal or by regulatory filings. Flows to Freeport from interstate pipelines are currently below 0.5 Bcf/d, compared to the usual level of around 1.6 Bcf/d.
Featured Articles
- Analyst Insight
US LNG Feedgas Recoils; Down 190 MMcf/d Week-on-Week
US LNG Feedgas rebounds as Freeport LNG returns to full intake this weekend following a reduction since September 9.
- Analyst Insight
Maintenance Dampens U.S. LNG Feedgas Demand
Social Teaser: Maintenance at Sabine Pass and Cameron is dampening U.S. LNG feedgas demand and sendout. For more, see this week's LNG Voyager report.
- Blog
Undone - U.S. LNG Export Demand Unravels
U.S. LNG exports in recent months have gone from providing a consistent and growing source of demand to balance the U.S. natural gas market to now being a drag on demand growth and the gas market balance. Rising storage surpluses and record low prices in Europe and Asia, along with relative strength in the U.S. national benchmark prices at Henry Hub, have turned the economics upside down for U.S. exports and led to widespread cancellations of contracted cargoes. Feedgas deliveries and cargo liftings at Lower-48 terminals both have plummeted to the lowest levels since early 2019, despite domestic liquefaction capacity climbing by more than 4 Bcf/d since then. Moreover, the dynamics that led to the current predicament are likely to persist at least through injection season and potentially even beyond that to a certain extent. Today, we provide an update on how cargo cancellations have affected U.S. gas demand for exports, overall and at individual terminals.
