U.S. LNG Feedgas Holding At Peak Levels

Golden Pass Exports First LNG Cargo

U.S. LNG feedgas demand averaged 19.1 Bcf/d last week, an increase of 0.09 Bcf/d, with small changes across all terminals. 

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, 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 Pipeline, is also conducting maintenance and will continue to do so throughout the month.