HomeNewsCheniere Energy cuts intake at 2 US LNG plants by 1 Bft3d

Cheniere Energy cuts intake at 2 US LNG plants by 1 Bft3d

9/27/2023

(Reuters) - The largest U.S. LNG producer, Cheniere Energy, on Tuesday reduced its combined feed gas intake at two of its plants by about 1 Bft3d, according to data provider LSEG.

The combined reduction in gas usage from Cheniere's Sabine Pass, Louisiana, and Corpus Christi, Texas, plants helped push overall U.S. feedgas consumption to a four-week low of 11.2 Bft3d, the data showed.

Contributing to Tuesday's drop was a maintenance shutdown at Berkshire Hathaway Energy's 0.8-Bft3d Cove Point, Maryland, plant and smaller reductions elsewhere.

A Cheniere spokesperson declined comment on its gas intake.

Though June 30, the U.S. regained its crown as the largest LNG exporter in the world, according to data from the U.S. Energy Information Agency (EIA), surpassing Australia and Qatar.

Sabine Pass intake fell on Tuesday by just over 350 million cubic feet per day (Mft3d) to 3.9 (Bft3d), from 4.2 Bft3d on Monday, LSEG data showed.

At Corpus Christi, gas intake dropped 600 Mft3d, to 1.64 Bft3d on Monday and Tuesday, from 2.25 Bft3d on Sunday, LSEG data showed.

Gas flows to the seven big U.S. LNG export plants have averaged 12.6 Bft3d so far in September, up from 12.3 Bft3d in August. That compares with a monthly record of 14 Bft3d in April, according to LSEG.

Gas was trading around $13 per mmBtu at the Dutch Title Transfer Facility (TTF) benchmark in Europe and $15 per mmBTu at the Japan Korea Marker (JKM) in Asia.

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