US LNG Exports Surge to Strongest Level Since April
US LNG exports have been on a tear in recent weeks, driven by robust feedgas demand. According to Natural Gas Intelligence's Entropic Analytics data, deliveries to US export terminals reached 19.6 Bcf/d on Friday, the strongest single gas day since late April. This marks a significant increase from the 30-day average of around 18.4 Bcf/d earlier this summer, which was impacted by maintenance at Freeport LNG and pipeline work in Corpus Christi.
The Corpus Christi Pipeline, in particular, has seen feedgas deliveries hold steady at around 2.7 Bcf/d over the past week, with scheduled quantities remaining above 2.6 Bcf/d for 11 consecutive days. This has resulted in cargo exports from the Texas facility averaging about 0.067 Mt/d, implying total intake closer to 3.6 Bcf/d after accounting for fuel and loss margins.
US LNG exports through the Suez Canal have also been on the rise, with 7.31 Mt of US volumes transiting the canal in the first eight months of the year, a 42% increase from the same period last year. Egypt has taken nearly all of these US volumes, accounting for 97% of the total.