Summary
Cove Point LNG (CPL) has posted a Revision 2 to its Pipeline Conditions / Capacity Constraint critical notice originally filed 2026-07-23, with no additional operational detail or capacity figures provided in the notice text. The notice is a revision with no new quantified impact, but the LNG feedgas severity floor applies because the affected facility is Cove Point LNG export terminal. Live capacity data (gas day 2026-08-18, approximately 1 day lag) shows COVE POINT PLANT operating at 81.2% utilization on the delivery side (0.747 Bcf/d scheduled against 0.920 Bcf/d operating capacity), with 0.173 Bcf/d of remaining headroom; the SI direction is flagged INCONSISTENT and cannot be used for ratio analysis.
Trading note
Cove Point LNG feedgas constraint minimum severity 4 applies regardless of the absence of a stated volume; the live reading for 2026-08-18 shows the plant delivery point at 81.2% utilization (0.747 Bcf/d scheduled, 0.173 Bcf/d headroom remaining), with the Eastern Gas South regional proxy basis averaging -0.993 vs Henry Hub over the five trading days ended 2026-08-18 (most recently -1.005 on 2026-08-18) -- any escalation of this constraint that further curtails feedgas deliveries would be bearish for Appalachian/Mid-Atlantic basis and bearish for the LNG export arb.
Reroute potential
None: Cove Point LNG is a fixed-location export terminal; feedgas restrictions cannot be physically rerouted to an alternative facility. Gas displaced from LNG export returns to the domestic Appalachian/Mid-Atlantic supply pool.
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View original notice text (as posted by CPL)
Pipeline: CPL
Notice ID: 1010657
Subject: Cove Point Restrictions Revision
Notice Type: Notices
Posted: 2026-07-23T18:44:39.596
Effective: 2026-07-23T18:44:39.596
naesbNoticeTypeDescription: Capacity Constraint
subcategory: Critical
tspDefinedNoticeTypeDescription: Pipeline Conditions
