LNG feedgas at multi-month lows

LNG feedgas nominations have experienced a change of -1.2 Bcf/d bringing levels to 11.3 Bcf/d, around lows not seen since January.

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The Cheniere-owned Sabine Pass and Corpus Christi terminals were entirely responsible for the drop.

So far, maintenance appears unlikely to fully explain the change, which continues a recent downtrend in feedgas nominations for both sites. Late-cycle data would add useful confirmation to the move down.

Source: Gelber & Associates

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