U.S. GAS PRICES
Preliminary dry gas production for January 2015 was 2,287 billion cubic feet (Bcf), or 73.8 Bcf/day, down from last month's record high of 74.8 Bcf/day. January's production was a 6 Bcf/day increase from 67.8 Bcf/day in January 2014, an 8.8% rise from year to year.
Preliminary total consumption for January 2015 was 3,130 Bcf, or 101 Bcf/day, a decrease of 3% from 3,227 Bcf in January 2014, or 104.1 Bcf/day.
Total consumption for January 2015 decreased in most sectors year to year: Deliveries to residential consumers for January 2015 were 930 Bcf, or 30 Bcf/day, a 10% drop from 33.3 Bcf/day in January 2014; commercial deliveries were 526 Bcf, or 17 Bcf/day, an 8% decrease from 18.5 Bcf/day in January 2014; and industrial deliveries were 715 Bcf, or 23.1 Bcf/day, down 1% from 23.3 Bcf/day in January 2014. Electric power deliveries showed an increase from last January: January 2015 deliveries were 713 Bcf, or 23 Bcf/day, a 7.5% rise from January 2014's 21.4 Bcf/day.
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BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.