US regulators have given Venture Global LNG the green light to commission a gas turbine at its Calcasieu Pass terminal in Louisiana. Production at the export facility could start in the coming months.
Once the seventh major US liquefaction facility starts up, the output will push total feedgas demand above 12 bcf/d.
A sixth train at Cheniere Energy’s Sabine Pass export terminal, also in Louisiana, is expected to start up – meaning the total is likely to increase further by the end of the year.
According to S&P Global Platts Analytics data, a combination of European storages recently drawing down hard on sparse LNG deliveries combined with concurrent cold weather, means that LNG demand is expected to be much more supported this summer compared with 2020 as storage stocks are replenished.
This will result in near full contracted US export utilisations with low risk of significant cargo cancellations. Cheniere, the biggest US LNG exporter, received no cargo cancellations during the first quarter.
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