U.S. LNG demand set new records last week, averaging 18.7 Bcf/d, more than 5 Bcf/d higher than the same time a year ago.
Every U.S. terminal is now running at or above full contracted capacity. Corpus Christi and Freeport rebounded to full operations, driving the latest gains. The commissioning activity at Plaquemines ticked up slightly, averaging 3.92 Bcf/d.
The U.S. hasn’t seen its highest level of feedgas demand yet this year and we expect it to rise even higher in the next month as the commissioning activity at Golden Pass ramps up. Last week, the terminal received FERC authorization to introduce feed gas to Train 1. So far, the terminal has only taken in minuscule amounts of feedgas, but that is expected to increase soon. Stay tuned to the LNG Voyager Weekly Report to glean the latest insights in the U.S. LNG industry.
