Average U.S. LNG Feedgas Demand Hits Lowest Point Since October 2025

As shoulder season presses on, multiple U.S. LNG facilities are undergoing their typical maintenance cycle ahead of summer. Despite this, sustained high international pricing and low European storage levels signal the need for continued strong exports through the summer months. U.S. LNG feedgas demand in May has dropped substantially from its April average, as maintenance activities have weighed on pipeline and facility deliveries. Total U.S. feedgas demand decreased by an average of 1.71 Bcf/d, averaging 18.3 Bcf/d month-to-date. This marks the lowest monthly average since October 2025. The decline is notable given that 1.1 Bcf/d of new export capacity has come online since October 2025, driven by the addition of Corpus Christi Stage III Trains 4 & 5 and Golden Pass Train 1. The main culprits of the lower month-over-month feedgas demand are Cameron LNG and Corpus Christi LNG, with modeled feedgas demand at the two facilities having dropped by 0.65 Bcf/d and 0.62 Bcf/d, respectively.

At Cameron, maintenance at the facility and feeder pipeline began promptly on April 30^th, with day-over-day deliveries to the facility dropping by an average of 633 MMcf/d. The decline stems from two sources. First, deliveries from Cameron Interstate Pipeline (CIP) to the facility fell by an average of 314 MMcf/d month over month, largely driven by a 138-MMcf/d drop in receipts from Tennessee Gas Pipeline (TGP). Second, deliveries from Columbia Gulf Transmission (CGT) to the facility decreased by an average of 293 MMcf/d. As of May 13^th, these figures stand at 314 MMcf/d and 293 MMcf/d, respectively, below their prior levels. CGT will be undergoing maintenance at multiple facilities in Louisiana in May and June, potentially limiting delivery capacity to Cameron LNG by up to 125 MMcf/d in May and 450 MMcf/d in June. Although, CGT noted in its maintenance announcements that the impact is expected to be limited to non-existent based on current nominations.

At Corpus Christi, month-to-date deliveries from Corpus Christi Pipeline (CCPL) to the facility have fallen by an average of 542 MMcf/d from its April average. This decline was driven by reduced deliveries to CCPL from Natural Gas Pipeline Company of America (NGPL) and TGP, which dropped by an average of 320 MMcf/d and 141 MMcf/d, respectively. As Corpus Christi continues commissioning its Stage III project and prepares to bring the sixth train online, feedgas demand at the facility is expected to remain volatile in the near term.

Be sure to check back for more Energy Market Insights to stay updated on the latest in LNG maintenance and feedgas flows, or check out what true pipeline-flow visibility looks like with FactSet’s Natural Gas Markets data feed.

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