A roundup of news and commentary from NGI’s LNG Insight

  • Maintenance began on all three trains at Cheniere Energy Inc.’s Corpus Christi LNG export terminal on Thursday (4/8) and is scheduled to last until 7 a.m. CT Saturday (4/10), according to a filing with the Texas Commission on Environmental Quality.  
  • U.S. feed gas deliveries dropped to 10.15 Bcf/d on Thursday, according to NGI data, their lowest point in weeks as maintenance at the terminal and a compressor station on the Corpus Christi Pipeline got underway.
  • “LNG sendout in Europe currently sits at 11.5 Bcf/d, well below our modelled 13.1 Bcf/d for April, in part due to strong Asian demand for LNG as they replenish their limited storage following a cold winter,” analysts at Tudor, Pickering, Holt & Co. (TPH) said Friday.
  • Asian imports in March beat TPH expectations. The energy investment bank said Europe needs to increase imports by 30% year/year to refill storage, adding that “a summer bidding war isn’t out of the question and should support strong pricing” for the Title Transfer Facility benchmark in Europe and the Japan-Korea Marker in Asia.