(Editors at Energy Analytics Institute, 10.Jan.2025) — A long-awaited wave of new LNG demand is coming into view from 2 Gulf Coast projects, Venture Global and Cheniere Energy, according to East Daley Analytics.
For its part, Venture Global announced on 26 Dec. 2024 that the first commissioning cargo from Plaquemines LNG had set sail aboard the Venture Bayou, en route to ENBW in Germany. The new facility in Louisiana achieved first liquefaction on 14 Dec. 2024. Once constructed, Plaquemines will be able to produce 20 million tonnes per annum (mtpa) from 36 liquefaction trains, East Daley’s Ian Heming reported 10 Jan. 2025 in a statement on the consultancy’s website
“During the 12 days between first liquefaction and the departure of the Venture Bayou, Plaquemines received about 4.5 Bcf of gas from the Gator Express Pipeline, according to samples tracked by East Daley. Another 2.9 Bcf was transported to the facility in the final 6 days of Dec. Maximum daily flows for the month peaked at ~650 MMcf/d,” East Daley said.
Meanwhile, Cheniere’s Corpus Christi LNG achieved first liquefaction at the 10 mtpa Stage 3 expansion on December 30. Cheniere expects the first of the project’s 7 midscale trains to achieve substantial completion by the end of the first-quarter 2025.
“Flows to Corpus Christi along the Corpus Christi Pipeline didn’t show any significant increases through the month of Dec. as the Stage 3 expansion began commissioning. However, with the ADCC Pipeline entering service back in Jul, it is likely the additional volumes for the expansion project are coming through the intrastate pipe, and will not be publicly available even as the project achieves completion,” East Daley said.
With both projects now liquefying gas, US LNG demand reached an all-time high of 15.4 Bcf/d on 6 Jan. 2025, East Daley said. The consultancy remains bullish on natural gas prices in 2025 due to LNG export growth and expects LNG demand to grow steadily through the year as more trains begin commissioning and subsequently enter service.
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
