Winter Storm Stops Nearly All Feedgas to Cove Point, Elba Island
Winter Storm Fern triggered a sharp decline in U.S. LNG feedgas demand, which plummeted to 11.5 Bcf/d on Sunday from a previous weekly average of 17.2 Bcf/d. The storm caused production freeze-offs and price spikes, forcing Elba Island to shut down, and Cove Point inflows fell below 0.2 Bcf/d. Sabine Pass and Freeport (along the Gulf Coast) were down 50% and 30%, respectively.To view this content, log into your member account. (Not a member? Join Today!)
