Washington - Natural gas flows to U.S. liquefied natural gas export terminals were expected to increase in coming days after collapsing to their lowest level in almost a year as fog clears along the Gulf Coast, according to analysts and data from Refinitiv.
Analysts said the drop was due to maintenance work at the LNG terminals and the pipelines feeding them, and fog, which forced several vessels to drop anchor in the Gulf of Mexico.
Now that the fog is clearing, the tankers are starting to move, according to Refinitiv’s shipping data. There are three LNG export terminals in the United States - Cheniere Energy Inc’s Sabine Pass in Louisiana and Corpus Christi in Texas, and Dominion Energy Inc’s Cove Point in Maryland.
Those three pulled just 1.5 billion cubic feet per day of gas from pipelines on Thursday, down from a record 5.5 bcfd on Jan. 5, according to Refinitiv. One billion cubic feet of gas is enough to supply about five million U.S. homes for a day. That was the lowest amount of gas going to the LNG terminals since late February 2018.