U.S. LNG Exports Fall From Record Highs

By Tsvetana Paraskova2 days ago

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Maintenance at a Cheniere Energy facility was set to drag natural gas deliveries to U.S. liquefied natural gas (LNG) export facilities on Thursday to the lowest level since the end of February, Reuters reported, citing data from Refinitiv and analysts.

Cheniere’s Corpus Christi LNG export facility was set to see reduced volumes of feed gas because of maintenance on a pipeline at the Sinton compressor in Texas, Reuters said, noting that the company does not comment on operations.

The maintenance was expected to cut LNG receipts at U.S. export facilities to 9.1 billion cubic feet per day (Bcf/d) on Thursday, down from an average of 11.1 Bcf/d for the month of April so far, according to data from Refinitiv.

This would be the lowest level of natural gas flows for LNG exports out of America since February 26, when exports began to recover from the Texas Freeze that had shut in an estimated 20 percent of lower 48 U.S. natural gas production in the first half of February.

The reduced natural gas flows this week is only temporary and U.S. LNG exports continue to set records in recent months, with shipments to Asia surging.

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