U.S. LNG feedgas moved higher last week, with all terminals operating at or above full contracted utilization and some beginning to approach winter peak levels.
Total U.S. LNG feedgas demand was up by about 0.7 Bcf/d (see blue-dotted line below) for the week ending Sept. 6, driven by slightly higher intake at several terminals. Freeport LNG returned from maintenance on August 27 and has mostly been at full utilization since then, but Train 2 briefly tripped offline on September 5, disrupting feedgas over the weekend, according to our LNG Voyager Weekly Report.
Feedgas deliveries to Corpus Christi increased last week after being reduced from August 17 to 25 for pipeline maintenance. Intake at the terminal is consistent with full operations at the legacy terminal and Stage III expansion, which was placed fully into service at the end of August.
Intake at Cove Point strengthened last week, with the terminal now operating at peak capacity but this will likely be short-lived as the terminal is expected to have its annual maintenance outage starting Sept. 19. Cove Point Pipeline has planned maintenance from September 19 through October 3, and historically the LNG terminal has held its maintenance around the same time.
