US LNG Feedgas Demand Sets Another Record; Trending Toward 12 Bcfpd -- Seventh Export Terminal On Tap? -- S&P Global Platts -- March 19, 2021
Link here.
- US LNG feedgas demand hit a new record, reported today, March 19, 2021 as total deliveries approach 12 Bcf/d; note: there are some questions whether a new record was actually set -- see link and the replies at the thread;
- capacity could rise come fall when Venture Global
LNG's Calcasieu Pass terminal in Louisiana – the seventh major US
liquefaction facility – may be ready to ship its first cargo;
- the 11.8 Bcf/d in total gas deliveries to existing US
LNG export terminals topped the previous record of 11.65 Bcf/d set
during the morning cycle March 17. Cheniere Energy's two terminals –
Sabine Pass in Louisiana and Corpus Christi Liquefaction in Texas –
account for more than half of the total demand.
- netbacks:
- while prices were lower day-on-day,
netbacks remain high enough to incentivize robust shipments from the US
- Asia Pacific freight was assessed at $30,000/day on March
18, compared with $45,000/day a month ago, and $165,000/day two months
back, according to Platts data.
- US LNG export terminals tracked here;
- at that site: November 12, 2020: Calcasieu Pass update. Huge story.
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