U.S. LNG feedgas demand was essentially flat last week as stronger intake across most terminals offset the maintenance outage at Cove Point.
Total U.S. LNG feedgas demand averaged 18.3 Bcf/d for the week ending September 28 (blue-dotted line below), virtually unchanged week-on-week. Intake rebounded at Cameron, coupled with smaller increases at other terminals, offsetting the loss from Cove Point, according to our LNG Voyager Weekly Report.
Cove Point shut down for annual maintenance on September 19. The terminal is currently not taking feedgas and the outage is expected to last around three weeks. Intake at Cameron LNG rebounded to full contracted utilization after being reduced the week prior because of pipeline maintenance on Columbia Gulf Transmission.
Intake strengthened at most of the U.S. terminals, and all (except Cove Point) are operating at or above full utilization, with Calcasieu Pass and Plaquemines especially strong and operating at peak levels. Intake at the commissioning Golden Pass also strengthened last week, with feedgas above 0.5 Bcf/d for part of the week and averaging 0.4 Bcf/d last week.
