LNG Feedgas Demand Retreats Amid Sabine-Neches Waterway Reopening

The US LNG feedgas demand slipped to approximately 17.37 Bcf/d in Wednesday's nominations, down by about 892 MMcf/d from Tuesday, according to NGI's Entropic Analytics data.

The decline was largely attributed to lower nominations at all four feeder points of Sabine Pass, accounting for roughly three-quarters of the pullback, with smaller declines at Calcasieu Pass and Cameron.

Feedgas nominations have not exceeded 18.5 Bcf/d since April 26 and remain below the 19.50 Bcf/d high set on March 28.

The Sabine-Neches Waterway serving Beaumont and Port Arthur reopened to outbound traffic at 12 p.m. ET Wednesday after closing late August 31 for Tropical Depression Edouard, which produced a peak gust of 91 mph about two miles south of Port Arthur, according to the US Coast Guard Marine Safety Unit Port Arthur.

Global LNG exports fell 1.73 Mt short of year-ago levels in August, totaling 32.83 Mt even as loadings rose 1.21 Mt from July, according to Kpler vessel tracking data.