Summary
Cove Point LNG (CPL) has posted a critical capacity constraint notice effective 2026-09-26 at 23:00, classified as a PPO (Periodic Pressure Obligation) restriction. No specific volume impact is stated in the notice text. Live capacity data shows COVE POINT PLANT (SI:SIQ) at only 0.015 Bcf/d scheduled against 1.80 Bcf/d operating capacity, indicating feed gas nominations are already extremely depressed -- well below normal LNG export operating rates. The effective date is current so this is not a legacy repost.
Trading note
Cove Point LNG restrictions remove feed gas demand from Appalachian supply; bearish for Appalachian/Mid-Atlantic basis -- Eastern Gas South regional proxy has averaged -1.775 vs HH over the five trading days ended 2026-09-25, most recently -2.485 on 2026-09-25, and curtailed LNG export demand will pressure this spread further; no specific curtailed volume stated but COVE POINT PLANT (loc 10001, SI:SIQ) shows only 0.015 Bcf/d scheduled against 1.80 Bcf/d capacity as of 2026-09-26 evening cycle.
Reroute potential
Not applicable -- this is an LNG export terminal restriction, not a pipeline constraint; gas that cannot be exported remains in the domestic Appalachian/Mid-Atlantic market, adding supply rather than requiring reroute.
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View original notice text (as posted by CPL)
Pipeline: CPL
Notice ID: 1011762
Subject: Cove Point Restrictions Update
Notice Type: Notices
Posted: 2026-09-26T16:18:29.26
Effective: 2026-09-26T23:00:00
naesbNoticeTypeDescription: Capacity Constraint
subcategory: Critical
tspDefinedNoticeTypeDescription: PPO
