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US LNG Output Gains as Cheniere's Corpus Christi Production Rises, UBS Says

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US LNG production rose from the prior week and month, with Cheniere Energy's (LNG) Corpus Christi output increasing while other major terminals posted mixed results, UBS said in a Wednesday note.

Total weekly LNG production reached 16,141 million cubic feet per day, compared with 16,015 MMcf/d a week earlier and 15,795 MMcf/d a month earlier, according to UBS.

Cheniere Energy's Corpus Christi terminal produced 3,356 MMcf/d, up from 3,280 MMcf/d a week earlier and 3,088 MMcf/d a month earlier.

Cheniere Energy's Sabine Pass terminal, meanwhile, produced 3,968 MMcf/d, down from 4,012 MMcf/d a week earlier but above 3,877 MMcf/d a month earlier.

Venture Global's (VG) Plaquemines terminal produced 3,273 MMcf/d, down from 3,296 MMcf/d a week earlier and 3,388 MMcf/d a month earlier, UBS said.

Venture Global's Calcasieu Pass terminal produced 1,427 MMcf/d, up from 1,423 MMcf/d a week earlier but below 1,439 MMcf/d a month earlier.

Golden Pass weekly production rose to 316 MMcf/d from 253 MMcf/d a week earlier and 311 MMcf/d a month earlier, following the terminal's first LNG export cargo in April, UBS said.

UBS' tracker uses data from the Energy Information Administration and the Federal Energy Regulatory Commission to monitor daily terminal gas deliveries and train-level changes in baseload and peak LNG production.

Price: $14.47, Change: $+0.68, Percent Change: +4.89%

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