Cheniere Sabine LNG plant in Louisiana (U.S.) on track to exit reduction
The amount of natural gas flowing to U.S. liquefied natural gas (LNG) company Cheniere Energy's Sabine Pass export plant in Louisiana (U.S.) was on track to rise to a preliminary three-week high on Monday, according to data from financial company LSEG.
Energy traders said that the expected increase in gas flows and a notice from Cheniere that the company finished work on a pipeline that provides gas to the plant on June 20 were signs the facility was exiting an estimated three-week maintenance reduction.
Gas flows to the 4.5-Bft3d Sabine were on track to rise to a preliminary 4.2 Bft3d on Monday, up from an average of 3.0 Bft3d since late May, according to the LSEG data.
One Bft3 is enough gas to supply about 5 MM U.S. homes for a day.
Cheniere told customers it finished work on the 1.5-Bft3d Creole Trail pipeline, which supplies some of the gas used at Sabine, on June 20. The company said it started the most recent work on the pipeline around May 31.
With feedgas to Sabine on track to rise, gas flows to all eight of the big U.S. LNG export plants, including Sabine, rose to a preliminary three-week high of 15 Bft3d on Monday, up from 14.2 Bft3d on Sunday and an average of 14.1 Bft3d so far in June, according to the LSEG data.
That compares with a total LNG feedgas average of 15.0 Bft3d in May and a monthly record high of 16.0 Bft3d in April.
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