Market Report Sneak Peak

U.S. LNG feedgas demand fell sharply last week, driven primarily by maintenance at Cameron and pipeline maintenance impacting Corpus Christi. Cameron is likely operating with one train offline for seasonal maintenance, which will keep feedgas intake reduced through much of May. With maintenance season underway, near-term U.S. LNG output may see relative weakness this month, before growth resumes later this year. Globally, LNG markets remain tight amid ongoing geopolitical disruptions and constrained shipping routes.