The preliminary level for dry natural gas production in January 2020 was 2,930 billion cubic feet (Bcf), or 94.5 Bcf/d. This level was 5.9 Bcf/d (6.7%) higher than the January 2019 level of 88.6 Bcf/d.

gas prices in Europe and Asia have collapsed to record lows, while the U.S. Henry Hub benchmark tumbled to its lowest since 1995.

U.S. Rig Count is down 44 rigs from last week to 728, Canada Rig Count is down 44 rigs from last week to 54

Russia ramped up measures to combat the virus on Wednesday, with Russian President Vladimir Putin announcing that next week would be a paid non-working week throughout the country.

U.S. primary energy consumption totaled 100 quadrillion Btu, a 1% decrease from 2018. Natural gas consumption increased 3%, renewable energy consumption and nuclear electric power consumption each increased less than 1%, petroleum consumption decreased less than 1%, and coal consumption decreased 14%.

European gas stock levels for both January and February 2020 were the highest ever recorded for those months.

Significant volumes of Russian gas currently are transited to Germany via Poland, which are a key revenue generator for the country.

State-owned oil and gas major Gazprom announced on February 20 it is looking to produce hydrogen from natural gas.

U.S. Rig Count is down 20 rigs from last week to 772, Canada Rig Count is down 77 rigs from last week to 98

the LNG industry was already under pressure from low international prices and weaker-than-expected demand in key end-user markets.