HOUSTON, Nov 29 (Reuters) - Gas demand from the U.S.
largest liquefied natural gas producers soared on Friday to
near-record levels on cooler weather and fewer outages,
according to preliminary data from financial firm LSEG.
LNG export plants were expected to draw 14.6 billion cubic
feet on Friday, the highest for the year and just shy of the
U.S. record of 14.7 bcf, recorded in December 2023, and up from
the 14.5 bcf recorded on Thursday, LSEG data showed.
Natural gas demand from U.S. LNG export plants is important
as it has been the main source of increased U.S. demand in
recent years.
Freeport LNG, the U.S. second largest exporter of the
superchilled gas was expected to draw just over 2 bcf on Friday,
up from its 1.99 bcf on Thursday, signaling that its three
processing plants called trains are back online after being down
for four days, LSEG data shows.
The plant had several outages this year and is the least
reliable of all of the U.S. LNG export facilities.
Freeport LNG's Quintana, Texas, plant is one of the most
closely watched LNG export plants in the world because the start
and stop of its operations often cause massive price swings in
global natural gas prices.
The largest U.S. LNG exporter Cheniere Energy's two
facilities have been operating near capacity with its Sabine
Pass export facility in Louisiana expected to draw almost 5.2
bcf on Friday, the third out of the last four days that it has
drawn over 5 bcf, according to LSEG data.
The U.S. is the world's largest exporter of the superchilled
gas with two new plants expected to begin producing LNG in the
coming weeks.