HomeNewsCheniere Energy's gas intake at Texas LNG plant down for fourth day

Cheniere Energy's gas intake at Texas LNG plant down for fourth day

10/2/2023

(Reuters) - Gas flows to Cheniere Energy's Corpus Christi, Texas, liquefied natural gas export plant on Friday were reduced for a fourth consecutive day, according to data provider LSEG.

Cheniere is the largest U.S. producer and exporter of LNG, but since Monday feedgas intake at its Texas facility has averaged below 1.6 billion cubic feet per day (bcfd), from the usual figure of 2.2 bcfd, the LSEG data showed. LSEG revised its data to show feedgas intake returned to 2.2 bcfd on Friday, Sept. 29.

Cheniere Energy did not respond to a request for comment.

Reduced gas intake at Corpus Christi, maintenance at Berkshire Hathaway Energy's 0.8-bcfd Cove Point in Maryland and other plants this week have not hurt overall gas intake as other LNG producers have increased their gas consumption, LSEG data showed.

Gas usage at the seven big U.S. LNG export plants rose to an average of 12.6 bcfd so far in September, up from 12.3 bcfd in August. That compares with a monthly record of 14 bcfd in April, according to the LSEG data.

In the first six months of this year, the U.S. regained its crown as the largest LNG exporter in the world, according to data from the U.S. Energy Information Agency, surpassing Australia and Qatar.

U.S. natural gas futures were little changed on Friday as forecasts for milder weather and less demand next week offset a bullish reduction in output, record exports to Mexico and a rise in the amount of gas flowing to U.S. liquefied natural gas (LNG) export plants.

Front-month gas futures for November delivery on the New York Mercantile Exchange were unchanged at $2.946 per million British thermal units (mmBtu) at 11:52 a.m. EDT (1552 GMT)

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