US LNG gas feed consumption has hit its highest in more than three weeks. S&P Global Platts Analytics statistics were presented on June 23, when deliveries were recovered at Cheniere Energy’s Sabine Pass terminal, and the repair seemed to be complete at Cameron LNG SEP.The large difference between the price of LNG in Asia and Europe and the price of feed gas based on the US Henry Hub stimulated strong export activity from the United States Gulf and the Atlantic. Platts Analytics anticipates these trends will continue through the summer balance.
Due to morning cycle nominations, the feed gas supplies to six major U.S. liquefaction facilities total 11.04 BcF /d. This was 1.6 Bcf/d from June 22, with data from Platts Analytics showing the highest level since June 1.
The daily rise was driven in large part by the rebirth of flows to Sabine Pass. Flows to Cameron LNG for the fourth day in a succession remained constant above 1.8 Bcf/d, which suggests that after roughly two weeks, the facility was maintained, a spokesperson said.
The US Gulf Coast LNG netback has become a major favorite of JKM during the summer balances, according to data from Platts Analytics, which could promote record trade flows from the Atlantic Bay to the Pacific Basin and likely need a large number of eastern trips around the Good hopes Cape.The dynamics are partly fuelled by continuous import strength in China, high demand for LNG in South Korea, and year by year’s flat Asian LNG production.