Gas Flows to Sabine Pass LNG Export Plant Drop to 11-Month Low

Natural gas flows to Cheniere Energy’s Sabine Pass LNG export plant in Louisiana are set to drop to the lowest levels in 11 months on Friday, adding to lower flows to other export facilities, which have weighed on U.S. benchmark gas prices this week. Natural gas flows to the Sabine Pass facility were on track to drop to 3.4 billion cubic feet per day Bcf/d on Friday, down from 3.8 Bcf/d on Thursday and an average of 4.1-bcfd over the prior seven days, per LSEG data cited by Reuters.

So far this year, natural gas-fired electricity generation in the United States has jumped compared to the same period last year, as total power demand rose with warmer temperatures and demand from data centers. In the week to June 12, average natural gas deliveries to U.S. LNG export terminals decreased by 0.3 Bcf/d from the prior week to 12.9 Bcf/d, the EIA said in its latest Natural Gas Weekly Update, citing data from S&P Global Commodity Insights.

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