Monday, March 2, 2015

Saudi Aramco sets March propane to $500/T, up $50 from the February Level

State-run Saudi Aramco has increased its March contract price for propane to $500 a tonne, up $50 from the February level, an industry source said on Monday. Butane prices for March 2015 were set to $460 a tonne, down $20 from February level of $480. The prices provide a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced. Following is a table of Saudi Aramco's contract prices of propane and butane per tonne in U.S. dollars. 

Product   February 2015  - 
February 2014    Change 
Propane   $500                     $450                +50
Butane     $460                     $480                -20

Friday, February 6, 2015

Europe Gas Storage Data for 05-02-2015

European inventories were 52.61 percent full as of February 5, 2015, from 55.21 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

710.98 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 48.23(5 Bcm extra from Netherlands, not available in 2014) billion cubic meters of gas which is 4.63 billion cubic meters more than 43.6 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 5.52 
Bcm for the week resulted in storage levels 10.61 % more than year-ago levels.If Netherlands data excluded the storage is
1% lowe than year ago.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by %45.79 , or by 7.67 billion cubic meters , since the start of the 2014-2015 heating season, according to preliminary data from gas transport operator Ukrtransgaz.

As of October 19 2014, Ukrainian facilities had 16.75 billion cubic meters of gas at the end of its gas injection season, while this figure was 9.08 billion cubic meters as of 
February 5 which means the storage is %28.43 full now.

During the week ending on 
February 5, Ukraine withdrew average of 48 million cubic meters of gas per day.Ukraine storage may cover as much as 189 days of consumption within this last week's average.

Europe Storage Data for  05-02-2014

Friday, January 30, 2015

Saudi Aramco sets February propane to $450/T, up $25 from the January Level

State-run Saudi Aramco has increased its February contract price for propane to $450 a tonne, up $25 from the January level, an industry source said on Thursday. Butane prices for February 2015 were also increased to $480 a tonne, up $10 from January level of $470. The prices provide a benchmark against which Middle East sales of liquefied petroleum gas (LPG) to Asia are priced. Following is a table of Saudi Aramco's contract prices of propane and butane per tonne in U.S. dollars. 

Product   February 2015  - 
January 2014    Change 
Propane   $450                     $425               +25
Butane     $480                     $470               -10