Market Report Sneak Peak

U.S. LNG feedgas demand continues to climb as winter approaches, nearing new record highs with almost every terminal running near full capacity. Plaquemines LNG intake is at or near full capacity with all 18 blocks now producing LNG, while commissioning progress at Corpus Christi Stage III continues. Train 3 achieved substantial completion at the end of October and Train 4 is expected to begin producing LNG soon. Meanwhile, the U.S. set a new record for LNG exports in October, although the record is unlikely to last long.