U.S. LNG feedgas demand fell sharply last week with lower intake at Corpus Christi, Cameron, and Calcasieu Pass driving the decline.
Feedgas averaged about 18.5 Bcf/d last week (blue-dotted line below), down 0.9 Bcf/d week-on-week as intake at Cameron dropped on April 30 and has remained at around 1.5 Bcf/d since then, consistent with two of the terminal's three trains being online. Maintenance in late spring is typical for Cameron, and the pattern suggests one train is likely offline. Past terminal turnarounds have generally run for around three weeks, so reduced intake could last through much of May. The terminal’s header pipeline, Cameron Interstate, is also conducting maintenance and will continue to do so throughout the month.
Corpus Christi reduced its intake last week as maintenance on Corpus Christi Pipeline constrained flows to the terminal. That work has wrapped up, so feedgas there should rebound this week.
Calcasieu Pass intake also pulled back, slipping from recent peak levels down toward contracted utilization. With spring maintenance season in full swing, U.S. LNG output is likely to remain relatively soft in the near term, before growth resumes later this year. Stay tuned to the LNG Voyager Weekly Report for more insights on the LNG industry.
