US LNG feedgas demand hits record 20.4 bcfd as export plants near full capacity
UNG•US natural gas demand for LNG exports reached a record 20.4 billion cubic feet per day on Monday, as nearly every export facility operated at or near full capacity. Average feedgas demand in November also set a record at 18.9 bcfd.
1. Record demand
US demand for natural gas to be turned into LNG reached a record 20.4 billion cubic feet per day on Monday, with strong utilization across export plants. Nearly every US LNG facility was operating at or near full capacity.
2. Facility usage
Cheniere Energy’s Sabine Pass plant was consuming about 5 bcfd, while Venture Global’s Plaquemines LNG plant was taking about 4.2 bcfd. Freeport LNG was running near capacity at almost 2.1 bcfd, and the Golden Pass LNG joint venture was operating at full capacity and consuming roughly 0.8 bcfd.
3. Winter context
Global LNG prices remained near their highest levels since 2022. US LNG facilities typically become more efficient during cooler weather, allowing operators to process larger volumes of natural gas into LNG as winter approaches.
