Gas demand declines at two of the top U.S. LNG plants
Two of the United States' largest liquefied natural gas (LNG) export plants recorded major declines in demand for natural gas on Monday, suggesting parts of their facilities might be down, according to data from financial firm LSEG.
Cheniere's Sabine Pass export facility in Texas, which utilizes up to 4.5 Bft3d of natural gas, was down to 3.7 Bft3d, and Sempra's Cameron LNG plant in Louisiana, which processes 2 Bft3d, was down to 1.3 Bft3d, according to LSEG data.
Cheniere declined to comment, while Sempra did not immediately respond to a request for comment.
Sabine Pass is the United States' largest LNG plant and Cameron the fourth largest. Together they have helped keep the U.S. as the world's largest LNG exporter since 2023.
Monday's drop in consumption from those two facilities pulled the day's demand down to 14.7 Bft3d, the lowest level in two months, according to LSEG data.
U.S. natural gas futures fell about 1% on Monday morning, with front-month gas futures for September delivery on the New York Mercantile Exchange falling $0.02 to $2.90 per million British thermal units (MMBtus).
Related News
Related News
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- TC Energy approves $1.5-B Columbia Gas expansion after profit tops estimates
- NextDecade to use Honeywell liquefaction technology for 30-MMtpy LNG terminal
- Wärtsilä continues to expand its data center footprint with new 790 MW order in Texas
Comments