Wednesday, December 31, 2014

Europe Gas Storage Data for 30-12-2014

European inventories were 76.70 percent full as of December 30, 2014, from 68.52 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

521.03 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 63.95 billion cubic meters of gas which is 10.16 billion cubic meters more than 53.79 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.06 
Bcm for the week resulted in storage levels 18.88 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 30.92%, or by 5.18 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 11.57 billion cubic meters as of December 30 which means the storage is %36.23 full now.

During the week ending on December 30, Ukraine withdrew average of 66 million cubic meters of gas per day.Ukraine storage may cover as much as 175 days of consumption within this last week's average.


Europe Storage Data for  30-12-2014

Tuesday, December 30, 2014

Europe Gas Storage Data for 29-12-2014

European inventories were 77.39 percent full as of December 29, 2014, from 68.58 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

394.97 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 64.53 billion cubic meters of gas which is 10.69 billion cubic meters more than 53.84 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 1.78 
Bcm for the week resulted in storage levels 19.85 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 30.32%, or by 5.08 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 11.67 billion cubic meters as of December 29 which means the storage is %36.53 full now.

During the week ending on December 29, Ukraine withdrew average of 60 million cubic meters of gas per day.Ukraine storage may cover as much as 194 days of consumption within this last week's average.


Europe Storage Data for  29-12-2014




Thursday, December 25, 2014

Europe Gas Storage Data for 24-12-2014

European inventories were 78.96 percent full as of December 24, 2014, from 68.87 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

246.46 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 65.83 billion cubic meters of gas which is 11.76 billion cubic meters more than 54.07 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 1.72 
Bcm for the week resulted in storage levels 21.74 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 28.47%, or by 4.77 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 11.98 billion cubic meters as of December 24 which means the storage is %37.52 full now.

During the week ending on December 24, Ukraine withdrew average of 54 million cubic meters of gas per day.Ukraine storage may cover as much as 221 days of consumption within this last week's average.


Europe Storage Data for  24-12-2014



Wednesday, December 24, 2014

Europe Gas Storage Data for 23-12-2014

European inventories were 79.22 percent full as of December 23, 2014, from 69.04 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

291.85 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 66.05 billion cubic meters of gas which is 12.03 billion cubic meters more than 54.2 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 1.9 
Bcm for the week resulted in storage levels 21.86 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 28.17%, or by 4.72 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 12.03 billion cubic meters as of December 23 which means the storage is %37.67 full now.

During the week ending on December 23, Ukraine withdrew average of 56 million cubic meters of gas per day.Ukraine storage may cover as much as 215 days of consumption within this last week's average.


Europe Storage Data for  23-12-2014

Tuesday, December 23, 2014

Europe Gas Storage Data for 22-12-2014

European inventories were 79.5 percent full as of December 22, 2014, from 69.15 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

241,2 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 66.28 billion cubic meters of gas which is 11,99 billion cubic meters more than 54.29 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.08 
Bcm for the week resulted in storage levels 22.08 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 27.88%, or by 4.67 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 12.08 billion cubic meters as of December 22 which means the storage is %37.83 full now.

During the week ending on December 22, Ukraine withdrew average of 58 million cubic meters of gas per day.Ukraine storage may cover as much as 208 days of consumption within this last week's average.



Europe Storage Data for  22-12-2014

Monday, December 22, 2014

Europe Gas Storage Data for 21-12-2014

European inventories were 79.72 percent full as of December 21, 2014, from 69.34 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

266.43 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 66.46 billion cubic meters of gas which is 12.02 billion cubic meters more than 54.44 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.41 
Bcm for the week resulted in storage levels 22.07 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 27.58%, or by 4.62 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 12.13 billion cubic meters as of December 21 which means the storage is %37.99 full now.

During the week ending on December 21, Ukraine withdrew average of 61 million cubic meters of gas per day.Ukraine storage may cover as much as 198 days of consumption within this last week's average.



Europe Storage Data for  21-12-2014

Friday, December 19, 2014

Europe Gas Storage Data for 18-12-2014

European inventories were 80.68 percent full as of December 18, 2014, from 55.24 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

364.9 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 67.27 billion cubic meters of gas which is 12.03 billion cubic meters more than 55.24 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.62 
Bcm for the week resulted in storage levels 21.77 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 26,62%, or by 4.46 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 12.29 billion cubic meters as of December 18 which means the storage is %38.48 full now.

During the week ending on December 18, Ukraine withdrew average of 74 million cubic meters of gas per day.Ukraine storage may cover as much as 166 days of consumption within this last week's average.


Europe Storage Data for  18-12-2014

Wednesday, December 17, 2014

Europe Gas Storage Data for 17-12-2014

European inventories were 81.11 percent full as of December 17, 2014, from 71 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

376.99 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 67.63 billion cubic meters of gas which is 12.11 billion cubic meters more than 55.59 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.99 
Bcm for the week resulted in storage levels 21.65 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 26,26%, or by 4.4 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 12.35 billion cubic meters as of December 17 which means the storage is %38.66 full now.

During the week ending on December 17, Ukraine withdrew average of 77 million cubic meters of gas per day.Ukraine storage may cover as much as 160 days of consumption within this last week's average.


Europe Storage Data for  17-12-2014

Europe Gas Storage Data for 16-12-2014

European inventories were 81.56 percent full as of December 16, 2014, from 71.38 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

383.52 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 68 billion cubic meters of gas which is 12.11 billion cubic meters more than 55.89 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 3.07 
Bcm for the week resulted in storage levels 21.66 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 25.91%, or by 4.34 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 12.41 billion cubic meters as of December 16 which means the storage is %38.86 full now.

During the week ending on December 16, Ukraine withdrew average of 77 million cubic meters of gas per day.Ukraine storage may cover as much as 161 days of consumption within this last week's average.



Europe Storage Data for  16-12-2014

Canada's share has climbed to about %42 of U.S. oil import.



Canada’s share of U.S. oil imports is dwarfing Mexico and Saudi Arabia, as the country is faced with few outlets for its growing oil sands production.

The chart tracks the proportion of U.S. crude oil imports supplied by Canada, Saudi Arabia and Mexico since November 2004, when each provided a bit more than 15 percent of demand. Canada’s dominance started in 2006, when output from Alberta’s oil sands formations boosted the country’s production to a then-record 3.29 million barrels a day. Its share has climbed to about 42 percent while the others combine for 24 percent.

Canadian production rose 5.6 percent to a record last year and is projected by the U.S Energy Information Administration to reach 4.47 million barrels a day in 2015. The country’s refineries can process 2.12 million barrels a day, according to the Canadian Association of Petroleum Producers.

“Canadian production has only a limited range of outlets, so as production grows it moves across the border to the U.S.,” Tim Evans, an energy analyst at Citi Futures Perspective in New York, said by phone yesterday. “A lot is shipped by rail and by pipelines that run to the Midwest where refineries have upgraded” to cope with the Canadian barrels.

U.S. imports of Canadian crude climbed to a record 3.13 million barrels a day in September, the most recent month with comparable data, according to the EIA. That compares with 1 million from Saudi Arabia and 816,000 from Mexico, 22 percent lower than a year earlier.

Share of U.S. Crude Imports

Tuesday, December 16, 2014

Lng market report December 2014



Demand for LNG on an in-tank basis in Spain continued to be weak, traders said ,referring to the recent market.One AOC-based trader heard a bid of €28.00/MWh for December lifting ($10.20/MWh) on an in-tank basis on 7 November. Once the third-party costs associated with reloading had been added, this would put a reload at around the $11.00-11.20/MMBtu range, another trader commented on 11 November.

The near total lack of any netback was not that relevant, the trader believed, as it feels that the Spanish FOB (free on board) prices had now more or less decoupled from East Asian prices.

Traders agreed that there was apparently little interest for the time being in Spanish FOB material. Executing reloads out of Spain remains difficult at current global spot levels, and it was heard that there was still interest in products that allow in-tank volume delivery to be deferred.

One trader stated that prior to the expiry of the November’14 contract at the end of October, a buyer had been prepared to pay a €1.50/MWh ($0.55/MMBtu) premium for the right to swap in-tank LNG for November delivery for December instead. There is also evidence that Spanish counterparties are now looking to regasify more LNG from tank, rather than reloading it, with regasification rates from Barcelona hitting almost 89GWh on 10 November. This is compared with an average of 37GWh/day over the month to date.

Similary, at Huelva, Sagunto and Reganosa, in the port of Ferrol, all four terminals were at close to 80% fullness on 10 November, according to nominations data from Spanish gas transmission system operator (TSO) Enagas.

“[Full LNG stock levels] seems to be having a positive impact on regasification, which is very high in a relatively high demand context (system demand of above 1 TWh/ day) with no extremely cold weather,” one terminal source commented.

“The Spanish gas system is full of LNG, I heard that some shippers are asking to delay unloading as terminal tanks are full,” it added. Sellers would cut pipeline imports to balance this increase, another trader said.

The 151,945 million cubic metre (mcm) British Ruby will ┼čift a 138,000cbm reload at the Saggas LNG terminal on 14 November, data from the port of Sagunto and Enagas showed on Tuesday, in a late change to an earlier published schedule, as until Monday vessel tracking data showed Cartagena as the ship’s destination.

Until 10 November, a separate BP vessel, the 138,283cbm British Innovator, had been scheduled to dock at Sagunto on Tuesday 11 November. However, the vessel actually discharged a total of 791GWh (134,960cbm of LNG) into Gate instead, according to vessel data and information from the Gate LNG terminal in Rotterdam. The vessel is now at anchor outside of the Spanish port, although it is not yet clear where the vessel will head to next.

The 150,981cbm Explorer is meanwhile also due into Sagunto on 12 November, port data shows. The Excelerate-controlled vessel is en route from Aliaga in Turkey, according to vessel data.

Europe Gas Storage Data for 15-12-2014



European inventories were 81.63 percent full as of December 15, 2014, from 71.65 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

325.94 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 68.06 billion cubic meters of gas which is 11.96 billion cubic meters more than 56.1 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 3.3 
Bcm for the week resulted in storage levels 21.31 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 25.49%, or by 4.27 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 12.48 billion cubic meters as of December 15 which means the storage is %39.07 full now.

During the week ending on December 15, Ukraine withdrew average of 97 million cubic meters of gas per day.Ukraine storage may cover as much as 158 days of consumption within this last week's average.



Europe Storage Data for  15-12-2014

Monday, December 15, 2014

Energy & Oil Prices as of 15-12.2014



Energy & Oil Prices as of 15-12.2014

Europe Gas Storage Data for 14-12-2014

European inventories were 82.64 percent full as of December 14, 2014, from 71.98 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

363.31 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 68.9 billion cubic meters of gas which is 12,43 billion cubic meters more than 56.36 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.74 
Bcm for the week resulted in storage levels 22.24 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 25.01%, or by 4.19 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 12.56 billion cubic meters as of December 14 which means the storage is %39.33 full now.

During the week ending on December 14, Ukraine withdrew average of 97 million cubic meters of gas per day.Ukraine storage may cover as much as 151 days of consumption within this last week's average.



EU 28 Storage Data for  14-12-2014

Sunday, December 14, 2014

Europe Gas Storage Data for 13-12-2014

European inventories were 82.96 percent full as of December 13, 2014, from 72.47 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

446.14 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 69.17 billion cubic meters of gas which is 12,43 billion cubic meters more than 56.74 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.71 
Bcm for the week resulted in storage levels 21.96 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 24.47%, or by 4.1 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 12.65 billion cubic meters as of December 13 which means the storage is %39.6 full now.

During the week ending on December 13, Ukraine withdrew average of 97 million cubic meters of gas per day.Ukraine storage may cover as much as 130 days of consumption within this last week's average.


Europe Gas Storage Data 13-12-2014


Saturday, December 13, 2014

Europe Gas Storage Data for 12-12-2014

European inventories were 83.33 percent full as of December 12, 2014, from 73.03 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

503.64 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 69.47 billion cubic meters of gas which is 12,29 billion cubic meters more than 57.18 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.74 
Bcm for the week resulted in storage levels 21.49 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 24.05%, or by 4.3 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 12.72 billion cubic meters as of December 12 which means the storage is %39.84 full now.

During the week ending on December 12, Ukraine withdrew average of 96 million cubic meters of gas per day.Ukraine storage may cover as much as 133 days of consumption within this last week's average.



Europe Storage Data for 12-12-2014

Friday, December 12, 2014

Thursday, December 11, 2014

Europe Gas Storage Data for 11-12-2014

European inventories were 84.23 percent full as of December 11, 2014, from 73.57 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

408.91 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 70.22 billion cubic meters of gas which is 12,61 billion cubic meters more than 57.61 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.39 
Bcm for the week resulted in storage levels 21.88 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 23.40%, or by 3.92 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 12.83 billion cubic meters as of December 11 which means the storage is %40.18 full now.

During the week ending on December 11, Ukraine withdrew average of 99 million cubic meters of gas per day.Ukraine storage may cover as much as 130 days of consumption within this last week's average.


EU 28 Storage Data for  11-12-2014

Daily wholesale and retail prices for energy products as of 11.12.2014

Spot prices for selected delivery

wholesale spot petroleum prices

Month Energy Futures 12.10.14



Wti spot price 2014

U.S. Weekly Natural Gas Storage Report for November 28, 2014



Working gas in underground storage


Working gas in storage was 3,410 Bcf as of Friday, November 28, 2014, according to EIA estimates. This represents a net decline of 22 Bcf from the previous week. Stocks were 227 Bcf less than last year at this time and 372 Bcf below the 5-year average of 3,782 Bcf. In the East Region, stocks were 183 Bcf below the 5-year average following net withdrawals of 34 Bcf. Stocks in the Producing Region were 145 Bcf below the 5-year average of 1,247 Bcf after a net injection of 11 Bcf. Stocks in the West Region were 44 Bcf below the 5-year average after a net addition of 1 Bcf. At 3,410 Bcf, total working gas is below the 5-year historical range.

Europe Natural Gas Storage Data

Working gas in underground storage compared with the 5 year max min

Natural gas prices at most market locations outside the Northeast fell in each day of trading, supported by weaker power sector demand and forecasts of more moderate temperatures. With well-below-normal temperatures forecast in many areas over the holiday weekend (Thursday through Sunday), prices in the Midwest and Midcontinent regions rose 10 to 15 cents/MMBtu in trading on Wednesday, but fell 30 to 40 cents on Monday. Similar price movements occurred at market locations in the West, as well as at the Henry Hub in Louisiana. After increasing 12 cents/MMBtu in trading last Wednesday, the Henry Hub spot price started the report week at $4.24/MMBtu, and then declined 34 cents/MMBtu on Monday. Spot prices at the Henry Hub declined further in trading Tuesday and Wednesday, ending the report week at $3.63/MMBtu.

natural gas spot price henry hub


Wednesday, December 10, 2014

Europe Gas Storage Data for 10-12-2014

European inventories were 84.85 percent full as of December 10, 2014, from 74.06 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

425.23 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 70.74 billion cubic meters of gas which is 12,75 billion cubic meters more than 57.99 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.32 
Bcm for the week resulted in storage levels 21.98 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 23.34%, or by 3.91 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 12.84 billion cubic meters as of December 10 which means the storage is %40.2 full now.

During the week ending on December 10, Ukraine withdrew average of 115 million cubic meters of gas per day.Ukraine storage may cover as much as 112 days of consumption within this last week's average.


EU 28 Storage Data for  10-12-2014




Europe Gas Storage Data for 09-12-2014



European inventories were 85.35 percent full as of December 9, 2014, from 74.61 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

324.60 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 71.16 billion cubic meters of gas which is 12,74 billion cubic meters more than 58.42 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.34 
Bcm for the week resulted in storage levels 17,90% more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 22.62%, or by 3.79 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 12.96 billion cubic meters as of December 9 which means %40.59 full.

During the week ending on December 9, Ukraine withdrew average of 119 million cubic meters of gas per day.Ukraine storage may cover as much as 109 days of consumption within this last week's average.


EU 28 Storage Data for  09-12-2014

Monday, December 8, 2014

Europe Gas Storage Data for 08-12-2014

European inventories were 85.67 percent full as of December 8, 2014, from 74.86 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

278.63 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 71.43 billion cubic meters of gas which is 12,82 billion cubic meters more than 58.61 billion cubic meters of 2013 gas storage the same day.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 21.79%, or by 3.65 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 13.1 billion cubic meters as of December 8 which means %41.03 full.

During the week ending on December 8, Ukraine withdrew 114 million cubic meters  of gas per day.Ukraine storage may cover as much as 115 days of consumption within this last week's average. 


Europe 28 Storage Data for  08-12-2014


Europe Gas Storage Data for 07-12-2014



European inventories were 85.93 percent full as of December 7, 2014, from 75.22 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

304.91 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 71.64 billion cubic meters of gas which is 12,74 billion cubic meters more than 58.90 billion cubic meters of 2013 gas storage the same day.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 21.13%, or by 3.54 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 13.21 billion cubic meters as of December 7 which means %41.37 full.

During the week ending on December 7, Ukraine withdrew 114 million cubic meters  of gas per day.Ukraine storage may cover as much as 116 days of consumption within this last week's average. 

EU 28 Storage Data for  07-12-2014

Friday, December 5, 2014

EU 28 Gas Storage Data for 04-12-2014



European inventories were 87,11 percent full as of December 4, 2014, from 76,72 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

433.24 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 72.64 billion cubic meters of gas which is 12,57 billion cubic meters more than 60,07 billion cubic meters of 2013 gas storage the same day.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 19.28%, or by 3.23 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 then end of its gas injection season, while this figure was 13.52 billion cubic meters as of December 4 which means %42.34 full.

During the week ending on December 4, Ukraine withdrew 115.5 million cubic meters  of gas per day.Ukraine storage may cover as much as 117 days of consumption within this average consumption. 




EU 28 Storage Data for  04-12-2014

Thursday, December 4, 2014

EU 28 Gas Storage Data for 03-12-2014

European inventories were 87,68 percent full as of December 3, 2014, from 77,2 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels. 

385.80 million cubic meters of gas was withdrawn from storage facilities. Storage sites contained 73,12 billion cubic meters of gas which is 12,68 billion cubic meters more than 60,44 billion cubic meters of 2013 gas storage the same day. 

EU 28 Storage Data for  03-12-2014

Wednesday, December 3, 2014

Zaporizhye nuclear power plant



Ukranian total electricity production in 2011 amounted to 195 TWh, with 6.3 TWh net exports. In 2011, 90 TWh (46%) was from nuclear, 75 TWh from coal, 18.5 TWh from gas, and 11 TWh from hydro. Electricity consumption was 140 TWh. In 2009, total capacity was over 52 GWe, and nuclear plant comprised 26.6% of this, hydro 9.3%. IAEA figures for 2013 had 78.2 TWh (43.6%) from nuclear.

electricity generation ukraine


Zaporizhzhya NPP (Zaporizhzhya NPP) - Nuclear Power Plant , located in the steppe zone on the banks of the Kakhovka reservoir in Zaporizhia Oblast Ukraine near the city Enerhodar . It is the largest in Europe, nuclear power, it has 6 nuclear power .

Ukraine nuclear power reactors operating


The decision to build ZAES was made ​​in 1978 year.In 1981 began the phased construction of th power units. For in 1984 - 1,987 g. put into operation four units.

In 1989 g. began to operate five units, and the sixth - only in 1995 , after the cancellation of the moratorium on the construction of nuclear facilities in Ukraine. Starting block sixth International Institute of Finance and Economic Partnership ( USA ) noted Zaporizhzhya NPP "Torch of Birmingham". This award is given to companies for successful economic survival and development in the sphere of market relations.

Zaporizhye nuclear power plant 


Annually station generates about 40 billion kilowatt-hours of electricity, which is a fifth of the total annual electricity production in the country and half of its production at Ukrainian nuclear power plants.

According to the results of a 2000 g. Zaporizhzhya NPP recognized as one of the top three nuclear power plants in the world that fully meet the requirements of the IAEA .The Zaporizhzhya NPP - the first among Ukraine nuclear power plants with VVER type reactors - built dry storage of spent nuclear fuel ( DSFSF ).Technology Zaporozhye DSFSF based on collections storage of spent fuel in ventilated concrete containers located at the site within the power plant.Project scope DSFSF in Zaporizhzhya NPP - 380 containers that provide for the next 50 years spent fuel storage collections to be removed from the reactor during the life of the station.

Zaporizhye nuclear power plant view 


Continuous monitoring of plant safety state exercise Ministry of Energy and Coal Industry of Ukraine , National Nuclear Energy Generating Company "Energoatom" , State Emergency Service of Ukraine , Ukrainian Hydrometeorological Center . Every year, and in urgent need they inform Cabinet of Ukraine , the National Security and Defense Council of Ukraine , committees of the Verkhovna Rada of Ukraine on state of the main buildings and hydroelectric reservoirs.

A new facility for treatment solid radioactive waste is under construction at the site of Zaporozhe nuclear power plant, to be commissioned in 2015. It will be fitted with a state-of-the-art incinerator of Danish design.

Zaporizhye nuclear power plant 


At the end of 1995 Zaporozhe unit 6 was connected to the grid making Zaporozhe the largest nuclear power station in Europe, with a net capacity of 5718 MWe. (The second largest station operating is Gravelines, near Dunkerque in France, with a net capacity of 5460 MWe.)

Zaporizhye nuclear power plant 

In addition to the initial supply of fuel from Westinghouse, other aims of the project included the transfer of technology for the design of nuclear fuel. Westinghouse supplied a total of 630 fuel assemblies for South Ukraine 2 & 3 and Zaporozhe 5, though the trials to 2011 were deemed unsuccessful, with Energoatom claiming that manufacturing defects in the fuel led to a lengthy unscheduled outage at two of the units, while Westinghouse said that errors had been made during fuel loading. Each reactor has 163 fuel assemblies.

Tuesday, December 2, 2014

EU 28 Gas Storage Data for 02-12-2014




European inventories were 88,21 percent full as of December 2, 2014, from 77,95 percent(61,036 billion cubic meter) a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels. 

311.38 million cubic meters of gas was withdrawn from storage facilities. Storage sites contained 73,56 billion cubic meters of gas which is 12,5 billion cubic meters more than 61 billion cubic meters of 2013 gas storage the same day.



EU 28 Storage Data for  02-12-2014

EU 28 Gas Storage Data for Monday 01-12-2014



European inventories were 88 percent full as of December 1, 2014, from 77 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.




EU 28 Storage Data for Monday 01-12-2014





Japan might import LNG more than they need

Japanese LNG buyers may have over-committed to gas under long-term contracts if nuclear reactors restart soon, and US tolling deals are not a one-way bet.Japan could find itself at the receiving end of a series of unneeded LNG cargoes as the restart of nuclear plants might happen faster than the buyers had foreseen, according to the CEO of the Institute of Energy Economics Japan, Masakazu Toyoda.

In an interview with Platts he explained that the potential restart of 60% of Japan's nuclear capacity - a total of 48 reactors - plus an improved run rate of 20-25%, would displace up to 20 million mt/year of LNG demand in the country."If nuclear reactors restart, the volume of gas [required] would go down," Toyoda said, adding that at current levels, 20 million mt/year would account for between 15% and 20% of total Japanese LNG demand.

henry hub jkm price difference


With approvals to restart Sendai 1 and 2 reactors granted by the local government, Toyoda said he was optimistic that the units could be operational as early as January 2015. He added that other plants would follow."No one knows how quickly the nuclear restarts can be realized... we have a good model now though, so I hope things will move quickly," he said."In the next 2-3 years, the conventional gas market will shrink in Japan, so they [the buyers] will have more gas than they need," Toyoda explained.

A recent report from Eclipse, an analysis division of Platts, shows that Japan is expected to need US LNG to meet its winter peak demand but is well supplied for the summer and shoulder seasons, which could lead to a build in stocks.In addition to US volumes, Platts calculations show that between 2015 and 2017, Japanese utilities have contracted to buy nearly 20 million mt/year of Australian LNG, almost doubling the current offtake.

Under the terms of these more traditional contracts, prices are indexed to the Japanese Customs Cleared crude oil price, with the gas subject to take-or-pay and nondiversion clauses.In contrast, the 17 million mt/year of LNG contracted from US projects under the tolling model by Japanese utilities and traders have no destination or take-or-pay clauses.

This enables offtakers to either resell or exercise the option not to lift, provided the buyer is prepared to forfeit the $3-3.50/MMBtu tolling fee, viewed as a sunk cost."If they [Japanese buyers and traders] have surplus, they are willing to sell," Toyoda said. "Buyers are moving to become traders and if it is profitable, why not?"

Japan Lng Import


Hunt for buyers

With crude oil prices under pressure and the LNG market expected to reach a more balanced position between 2015 and 2017, the question is who will buy any potential oversupply and at what price."If the price of LNG comes down, demand will go up," Toyoda said."They [the Japanese buyers and traders] think to resell to other Asian countries where demand is increasing. Many countries would like to switch from coal to gas, but the problem remains the Asian premium price. This cannot be entirely eliminated because we have to add $6/MMBtu at least to the Henry Hub price [to account for tolling and transportation]; but the present price is still too high and it should be minimized," he said, meaning that the price gap between the regions should be narrower.

Front month Henry Hub prices for December are around $4.20/MMBtu.An addition of $6/MMBtu would give a landed price into Japan of around $10.20/MMBtu against term contracts of around $16/MMBtu based on current oil prices.Japanese companies are also looking to Europe to place US LNG. Should more LNG make its way to Europe - where local participants also have contracts for US LNG - regional prices were likely to fall, according to an analysis from Eclipse.

Japan Lng Price


Crude oil recently touching four-year lows has put pressure on term contract prices, and the question is whether the 115% Henry Hub plus $3-3.50/MMBtu tolling model remains attractive or even economically viable, all the year round.US LNG may become a seasonal offtake option for Japanese utilities, who might exercise their option not to lift volumes during certain seasons.At a tolling cost of $3/MMBtu, offtakers of US LNG would need to pay $10.5 million to load a standard-sized cargo of 3.5 million MMBtu.


Sunday, November 30, 2014

Saudi Aramco cuts December propane to $550/T, down $60 from the November Level

State-run Saudi Aramco has cut its December contract price for propane to $550 a tonne, down $60 from the November level, an industry source said on Monday. Butane prices for December 2014 were also cut to $570 a tonne, down $30 from November  level of $600. 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   December 2014  - November 2014     Change 

Propane   $550                      $610                      -60
Butane     $570                      $600                      -30

Tuesday, November 25, 2014

Uranium prices continue huge rally as Japan Moves to Restart Reactors



Uranium’s 18 percent rally makes it the best-performing energy commodity this year as the atomic fuel extends gains in a bull market amid signs that Japan will restart idled nuclear plants and China’s demand may strengthen.

The fuel is poised for its first annual advance since 2010, beating returns from power-station coal and all five energy securities in the Bloomberg Commodity Index. (BCOM) Prices jumped as much as 57 percent from a low of $28 a pound in May, providing a boost to producers from Australia to Kazakhstan. They were at $40.50 yesterday, according to data from Ux Consulting Co., which provides research on the nuclear industry.

Uranium price


“There are a few key factors that are making traders believe that prices should be going up, this includes the good news of Japanese reactor restarts,” Jonathan Hinze, a senior vice president at Ux in Roswell, Georgia, said by e-mail. “Expectations that demand will grow even stronger due to China” have also helped to underpin gains, he said.

Japan, once Asia’s biggest atomic power producer, may resume its first reactors early next year after Kyushu Electric Power Co. received local approval for its Sendai power station. China, the world’s largest energy consumer, is seeking to increase its nuclear generation capacity threefold by 2020 and will build the most reactors globally during the next three years, according to the World Nuclear Association in London.

The Bloomberg Commodity Index slipped 6 percent this year, while benchmark Asian coal prices are down 26 percent and U.S natural gas rose 5 percent. Brent crude in London slumped 30 percent, West Texas Intermediate slid 25 percent and U.S. gasoline tumbled 27 percent.

Uranium have averaged $33.13 this year after rising to $44 on Nov. 17, the highest since December 2012.


Uranium reserves by country

Fukushima Meltdown

The nuclear fuel dropped as much as 62 percent after the meltdown at Tokyo Electric Power Co.’s Fukushima Dai-Ichi plant in March 2011 and subsequent closing of Japan’s atomic fleet. Uranium prices were at the highest in almost three years a month before the disaster, trading at $73 a pound.

“The door to the pre-Fukushima period is at long last starting to open,” said John Borshoff, the chief executive officer of producer Paladin Energy Ltd., which halted its Kayelekera mine in Malawi as prices fell. Uranium and nuclear energy is on a “more positive trajectory with a lot of upside to come,” he said on a conference call Nov. 13.

Kyushu Electric received permission for the restart of its Sendai reactors from the Kagoshima prefecture governor this month. Japan has been without nuclear power since September 2013 when the last of its operable commercial fleet of 48 was idled, leaving the country reliant on other fuels such as coal and liquefied natural gas for its electricity needs.
Price Correction

“There’s still supply in the market that has to get taken up,” Tim Gitzel, the chief executive officer of Cameco Corp., Canada’s largest uranium producer, said during an investor presentation on Nov. 24. “We’re really still waiting for a return to long-term contracting.”

The price rally has run too far, too fast and there will be a short-term correction, Macquarie Bank Ltd. analysts including Colin Hamilton, the London-based head of commodities research, said in a Nov. 20 note. Re-balancing of the market will be a longer-term process, the bank said.

There’s a uranium surplus of about 5 million pounds, which is forecast to expand to 20 million by 2018, according to estimates from RBC Capital Markets.

“Restarts are good for sentiment but ultimately the impact on supply and demand is not particularly material given the level of inventory,” Chris Drew, an analyst at RBC in Sydney, said by phone on Nov. 21. “Given that we’re heavily reliant on that Chinese reactor build to grow that demand over the medium term, the risks are construction may take longer than expected. That could extend the period we remain in oversupply.”
Asia Demand

Global nuclear power capacity is increasing steadily, with more than 60 reactors under construction in 13 countries, the most in Asia, according to the World Nuclear Association. Almost half of those are being built in China, with 26 units being developed, the association said on its website.

“The last two years, utility fuel buyers have been sitting on the sidelines because they’ve been very worried that Japan’s 100 million-pound inventory will be released into the market,” said Alexander Molyneux, the chairman of Azarga Uranium Corp., a miner that expects to start output at its Dewey Burdock project in the U.S. by the end of 2016.

U.S. and European utilities may now look to build their stockpiles, Molyneux said in Singapore yesterday.

Uranium may average $39 a pound next year, according to the median estimate in a Bloomberg News survey of seven analysts. Forecasts ranged from $35 to $43.

“The spot uranium price has jumped significantly over the past few weeks,” Hinze from Ux said on Nov. 20. “It appears most likely that spot price will remain above $40 for the remainder of this year unless we have some significant new development.”