PoC NodeJS script which reads an input MPEG-TS and pipes it to stdout in a loop to be transcoded/segmented by ffmpeg.

reader.js

var fs = require('fs');

function processStream() {
  var readStream = fs.createReadStream('../../counter_0_120.ts');

  readStream.on('open', function () {
    readStream.pipe(process.stdout, { end: false });
  });

  readStream.on('end', function() {
    processStream();
  }) 
}

processStream();