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Update: Market Chatter: Cheniere's Corpus Christi LNG Gas Intake Rebounds to 2.61 Bcf/d After Midscale Train Shutdown

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(Updated with comments from Cheniere's spokesperson in the 8th paragraph.)

Cheniere Energy's (LNG) Corpus Christi LNG plant was on track to receive 2.61 billion cubic feet per day of natural gas Thursday after a temporary shutdown affected part of the facility, Reuters reported Thursday, citing LSEG data.

High LNG rundown pressure prompted the company to take Midscale Stage 3 Trains 1 to 6 offline on Wednesday morning, Cheniere said in a filing with Texas environmental regulators.

LSEG data showed gas flows to the export plant recovering to 2.61 Bcf/d on Thursday from 2.14 Bcf/d on Wednesday, exceeding the recent seven-day average of 1.81 Bcf/d.

The projected intake would come close to the facility's record daily volume of 2.64 Bcf/d reached on Jan. 31, according to LSEG data.

Spring maintenance activity has weighed on feedgas demand since the beginning of June, leaving volumes below typical operating levels, the report added citing analysts and traders.

Corpus Christi can convert roughly 3.5 Bcf/d of natural gas into LNG when all processing units operate at full capacity.

The Texas facility includes three large liquefaction trains capable of processing 0.8 Bcf/d each, along with seven midscale trains rated at 0.2 Bcf/d, either operating or under construction.

A Cheniere spokesperson said the firm did not comment on day-to-day operations in response to' request.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $241.15, Change: $-0.66, Percent Change: -0.27%

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Update: Market Chatter: Cheniere's Corpus Christi LNG Gas Intake Rebounds to 2.61 Bcf/d After Midscale Train Shutdown | FINWIRES