Market Report Sneak Peak

U.S. LNG feedgas demand rebounded last week as Freeport returned to full operations following an unplanned outage. All U.S. terminals now operating at full operations or winter peak levels. Golden Pass continues to take feedgas near full operating levels as its long-delayed first train nears service. Global LNG prices fell sharply on renewed hopes for a resolution to the war in Iran, although uncertainty continues to drive market volatility. Meanwhile, Plaquemines LNG officially began commercial operations for its first phase, transitioning cargoes from short-term sales to deliveries to its long-term contracted customers.