In 2013, Russia exported an average of 15.6 billion cubic feet per day (Bcf/d) of natural gas on pipelines to countries in Eastern and Western Europe, 16% more than in 2012, according to data from the U.S. Energy Information Administration, Eastern Bloc Research, and Russian Energy Monthly. Russia's natural gas pipeline exports to Western Europe drove most of this increase, rising by 20%, to 12.3 Bcf/d.
The entire increase in Russian natural gas exports to Western Europe in 2013 occurred in three countries – Italy, Germany, and the United Kingdom:
Other Natural Gas News
Natural gas spot price movements were mixed over the report week (Wednesday, May 21, to Wednesday, May 28). The Henry Hub spot price declined 3 cents from $4.57 per million British thermal unit (MMBtu) last Wednesday to $4.54/MMBtu yesterday.
At the New York Mercantile Exchange, the July 2014 contract moved into the near-month position and ended the week at $4.615/MMBtu, an increase of $0.137/MMBtu from the previous Wednesday.
Working natural gas in storage rose to 1,380 Bcf as of Friday, May 23, according to the U.S. Energy Information Administration (EIA)Weekly Natural Gas Storage Report (WNGSR). A net increase in storage of 114 Bcf for the week resulted in storage levels 35.2% below year-ago levels and 40.1% below the 5-year average.
Active oil and natural gas drilling rigs totaled 1,857 as of May 23, down 4 rigs from the previous week, according to data from Baker Hughes Inc. The number of gas rigs declined by 1 to 325, and the number of oil rigs declined by 3 to 1,528. The oil rig count is currently 126 greater than this week last year, and the gas rig count is 29 less than last year's level.
After four weeks of declines, the weekly average natural gas plant liquids composite price increased 2.0% from $9.64/MMBtu to $9.84/MMBtu for the week covering May 19 to May 23. The Mont Belvieu spot price of ethane drove the overall increase, rising 3.1%. The spot prices of natural gasoline, butane, isobutane, and propane also increased, rising between 0.7% and 2.7%.