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

Thursday, January 15, 2015

Europe Gas Storage Data for 14-01-2015

European inventories were 68.42 percent full as of January 14, 2015, from 65.28 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

454.8 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 57.12 billion cubic meters of gas which is 5.61 billion cubic meters more than 51.51 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 3.01 
Bcm for the week resulted in storage levels 10.89 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by %38.26 , or by 6.41 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 10.34 billion cubic meters as of 
January 14 which means the storage is %32.37 full now.

During the week ending on 
January 14, Ukraine withdrew average of 78 million cubic meters of gas per day.Ukraine storage may cover as much as 132 days of consumption within this last week's average.


Europe Storage Data for  14-01-2014

Wednesday, January 14, 2015

Europe Gas Storage Data for 13-01-2015

European inventories were 69.19 percent full as of January 13, 2014, from 65.59 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

469.29 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 57.76 billion cubic meters of gas which is 6.01 billion cubic meters more than 51.75 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 2.81 
Bcm for the week resulted in storage levels 11.61 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by %37.97 , or by 6.36 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 10.41 billion cubic meters as of 
January 13 which means the storage is %32.58 full now.

During the week ending on 
January 13, Ukraine withdrew average of 81 million cubic meters of gas per day.Ukraine storage may cover as much as 128 days of consumption within this last week's average.

Europe Storage Data for  13-01-2014



Tuesday, January 13, 2015

Europe Gas Storage Data for 12-01-2015

European inventories were 69.47 percent full as of January 12, 2014, from 65.98 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

469.87 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 58.01 billion cubic meters of gas which is 5.95 billion cubic meters more than 52.06 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 3.06 
Bcm for the week resulted in storage levels 11.42 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by %37.49 , or by 6.28 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 10.47 billion cubic meters as of 
January 12 which means the storage is %32.79 full now.

During the week ending on 
January 12, Ukraine withdrew average of 85 million cubic meters of gas per day.Ukraine storage may cover as much as 123 days of consumption within this last week's average.

Europe Storage Data for  12-01-2014

Thursday, January 8, 2015

Europe Gas Storage Data for 08-01-2015

European inventories were 71.44 percent full as of January 8, 2014, from 67.06 percent a year ago, according to Gas Infrastructure Europe, a lobby group of pipeline operators in Brussels.

486.41 million cubic meters of gas was withdrawn from storage facilities of Europe. Storage sites contained 59.65 billion cubic meters of gas which is 6.74 billion cubic meters more than 52.91 billion cubic meters of 2013 gas storage the same day. A net withdrawal from storage of 3.24 
Bcm for the week resulted in storage levels 12.73 % more than year-ago levels.

Ukraine has reduced natural gas reserves in its underground gas storage facilities by 35.52%, or by 5.95 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 10.80 billion cubic meters as of 
January 8 which means the storage is %33.81 full now.

During the week ending on 
January 8, Ukraine withdrew average of 81 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 Gas Storage Data for 08-01-2015



Thursday, January 1, 2015

Saudi Aramco cuts January propane to $425/T

State-run Saudi Aramco has cut its January contract price for propane to $425 a tonne, down $125 from the December level, an industry source said on Thursday. Butane prices for January 2015 were also cut to $470 a tonne, down $100 from December level of $570. 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   January 2015  - 
December 2014     Change 
Propane   $425                      $550                -125
Butane     $470                      $570                -100