U.S. LNG feedgas demand shot up last week as Sabine Pass ramped up following maintenance, with national demand above 15 Bcf/d by the end of the week.
For the week, feedgas demand averaged 14.64 Bcf/d, up more than 1 Bcf/d from the previous week as maintenance at Sabine Pass ended and the terminal began ramping to full operation. Feedgas intake at Sabine Pass reached nearly 4.2 Bcf/d by the end of the week, just shy of full capacity.
Flows to Corpus Christi LNG were down slightly last week, and the terminal appears to be operating at about 85% of full utilization. There is currently no major pipeline or terminal maintenance underway, but minor maintenance related to the Stage III expansion may be affecting operations.
It is also possible that Corpus Christi is receiving additional feedgas from the ADCC pipeline, which does not publicly report flows. ADCC is supplying Stage III with feedgas, likely contributing between 0.2 and 0.5 Bcf/d of additional feedgas above what’s reported, based on Cheniere’s commissioning progress. Train 1 of Stage III has already entered service, and Train 2 began producing LNG earlier this month.
Given commissioning progress, export activity, and feedgas trends, it’s likely Corpus Christi is operating just below full utilization levels. All other U.S. terminals are currently operating fully. Feedgas deliveries to the commissioning Plaquemines terminal remain steady, holding just above 2.3 Bcf/d. For more insight, see our LNG Voyager Weekly Report.
