Bond.az - Natural gas flows to nine major U.S. liquefied natural gas (LNG) export facilities are expected to hit a 16-week low on Tuesday, according to LSEG data.
Daily LNG feedgas volumes are projected to decline to 15.1 billion cubic feet per day (bcfd) on Tuesday from 16.3 bcfd on Monday, marking the lowest level since January 27. One billion cubic feet of gas can supply about five million U.S. homes for a day.
Average gas flows to U.S. LNG export plants have decreased to 16.9 bcfd in May from a monthly record of 18.8 bcfd in April, LSEG data showed. The reduction stems from spring maintenance at several facilities, including QatarEnergy and Exxon Mobil's Golden Pass plant and Freeport LNG's export plant in Texas.
The decline occurred as Golden Pass was expected to resume operations with flows of around 0.3 bcfd on Tuesday, after receiving almost no gas for six consecutive days. The facility shipped its first LNG cargo in late April.
The U.S. became the world's largest LNG exporter in 2023, overtaking Australia and Qatar. American gas has played a growing role in meeting global energy demand following supply disruptions caused by Russia's 2022 invasion of Ukraine and the U.S.-Israel conflict with Iran.
