U.S. LNG Feedgas Lingers at Lower Levels

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. 

All 18 Blocks at Venture Global’s Plaquemines now authorized to take feedgas, pushing U.S. LNG feedgas demand higher.  For more, see this week’s RBN LNG Voyager.

U.S. LNG Feedgas Demand Set to Break Records This Winter. NextDecade moves forward with Rio Grande Train 5, adding to a record year for new capacity. This ground-breaking year has set the stage for more than 30 Bcf/d of U.S. LNG feedgas demand in the next 10 years. For more, see this week’s RBN LNG Voyager.