DT Midstream Inc. (DTM) is seeing a reduction in activity among its producer customers in the low natural gas price environment, but record LNG feed gas demand and the potential for increased power burns “could accelerate the tightening of the market,” CEO David Slater said.

Speaking to investors Tuesday on the first quarter earnings call, Slater said he thinks “the ship will right itself towards the back end of the year,” with further momentum for the natural gas market ahead.

He noted that power generation demand is trending well above last year, and a hot summer could result in even higher levels of gas power burns. At the same time, feed gas demand at liquefied natural gas terminals is at record highs following the return of Freeport LNG. 

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