The Uzbekistan GTL plant has launched wholesale sales of liquefied natural gas, the press service of Uzbekneftegaz reports.
The first batch of 161 tons of fuel was traded at the Republican Commodity Exchange on June 22. Liquefied gas is offered at a starting price of 3.12 million soums per ton and is supplied on the terms of the Shurtan gas chemical complex.
According to the report, LPG is produced from a mixture of propane and butane under pressure. Its small volume simplifies transportation and delivery to consumers, including to the most remote areas.
Shavkat Mirziyoyev launched Uzbekistan GTL in December 2021, after 5 years of construction. The plant processes natural gas into jet fuel, diesel fuel, liquefied gas, oil and other products.
In February 2022, the plant launched its own hydrogen production, and four months later, it started producing synthetic oil and diesel fuel from it. In September, the plant also started producing synthetic jet fuel.
The first batch of GTL diesel went on sale at the beginning of last July. Since then, the manufacturer has reduced the selling price of the fuel five times, by a total of almost 35% compared to the original price.
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China increased oil production by 2.7 percent in May compared with the same month last year, to 18.1 million tons, according to the State Statistics Administration of the country.
Refining output soared 15.4 percent last month to 62 million tons, the second-highest total ever recorded. This was due, among other things, to the completion of scheduled maintenance work at a number of refineries.
Natural gas production in China in May increased by 7.2% and reached 19 billion cubic meters, since the beginning of this year – by 5.3% to 97.3 billion cubic meters.
Oil imports last month totaled 51.44 million tons, up 12.2 percent from the same month a year earlier, customs said. Gas imports rose 17.3% to 10.64 million tons, the highest since January 2022.
CHINA, GAS, OIL, PRODUCTION
The National Energy Regulatory Agency (ANRE) of Moldova has decided to reduce the gas tariff for final consumers to 18.06 lei per 1 cubic meter (including VAT).
The National Agency has urgently examined the request of Moldovagaz company at a meeting on Wednesday.
As earlier reported, on June 5, Moldovagaz submitted a request for gas tariff decrease to ANRE. The company explained its request by the decrease in purchase prices of natural gas. The distributor asked to reduce the weighted average tariff by 36.8% – down to 16,492 thousand Moldovan lei per 1,000 cubic meters. It was proposed to reduce the final tariff for residential consumers, including VAT, by 31.9% – from MDL 29.27 to MDL 19.93 per 1 cubic meter.
Thus, the tariff was reduced by 38%.
The last time the gas prices in Moldova were reviewed in autumn 2022, the prices for households rose by 27.3% – from MDL 23 to MDL 29.27 per 1 cubic meter.
Natural gas tariffs in Moldova are set by ANRE upon request of suppliers.
The official exchange rate as of June 7 – 17.82 lei/$1.
Austria is preparing for a possible cessation of Russian gas if its transit through Ukraine is stopped, Federal Chancellor Karl Nehammer told reporters in Chisinau.
“We are constantly preparing for serious challenges. That is why our storage is already 75% full. And we are also negotiating with those who have new volumes of gas. If Russian gas runs out completely, OMV is already working on that,” he said.
Asked whether he would talk to Ukrainian President Zelensky about it, Nehammer said: “This is not the main topic today. It’s about the war in Ukraine. But it’s always an issue of security of energy supply, which is on Austria’s agenda. So it is always a topic that is taken into consideration.”
Ukrtranshaz JSC, the operator of Ukraine’s underground gas storage facilities, has started the gas injection season as part of preparations for next winter, Naftogaz of Ukraine board chairman Oleksiy Chernyshov said.
“Now gas is being accumulated for the next heating season 2023/2024. Due to favorable weather conditions, the previous season of gas withdrawal from underground storage facilities was one of the shortest in Ukraine in recent years,” he wrote on his Facebook page.
Chernyshov also specifies that during the period from October 7, 2022, to mid-April 2023, 5.572 billion cubic meters of gas has been withdrawn from Ukrainian underground storage facilities.
As reported, at the beginning of March 2023, Naftohaz said in a presentation by the company to holders of defaulted Eurobonds that 13.9 billion cubic meters of natural gas was used during the heating season 2022/2023, of which 1 billion cubic meters was imported, 5.3 billion cubic meters – gas lift from UGS, and 7.6 billion cubic meters – extraction by Ukrhazvydobuvannya.
At the beginning of March 2023 there were about 10 billion cubic meters of gas in the Ukrainian underground gas storages, the NJSC sets a task to accumulate at least 15 billion cubic meters of gas in the storages by the beginning of the season 2023/2024.
The system of 12 underground gas storages of Ukrtransgas, which is 100% owned by Naftogaz of Ukraine, has a total nominal capacity of 31 billion cubic meters. m, and includes Bilche-Volytsko-Uherske UGS (17.05 billion cubic meters), Uherske (1.9 billion cubic meters), Dashavske (2.15 billion cubic meters), Oparske (1.92 billion cubic meters), Bogorodchanske (2.3 billion cubic meters), Krasnopartyzanske (2.5 billion cubic meters). The following three categories of cu.m. are currently under review: Krasnopartyzanske (1.5 bcm), Solokhivske (1.3 bcm), Olyshevske (0.31 bcm), Proletarske (1 bcm), Kehychivske (0.7 bcm), Krasnopopopivske (0.42 bcm) and Verhunske (0.4 bcm) located in the temporarily occupied territory.)
Gazprom’s bid for gas transit through Ukraine has increased to the maximum for the last month (since January 15).
“The operator of Ukraine’s gas transmission system (OGTSU) said it had accepted a transit request from Gazprom for Wednesday in the amount of 35.8 million cubic meters. The figure on Tuesday was 30.8 million cubic meters. The capacity is claimed for only one of the two entry points into the country’s GTS, the Suja gas metering station. No application has been accepted for the corridor through the Sohranovka gas metering station.
The current level of gas reserves in Europe has fallen to 65.66 percent, 20 percentage points above the average for the same date in the last five years, according to the Gas Infrastructure Europe (GIE) association. During the Feb. 13 gas day, inventories were down 0.45 percentage points.
Warm weather in October, November and January as well as austerity measures have resulted in UGS reserve levels now at their highest ever recorded. This strengthens confidence of the authorities in the successful passing of the winter.
Europe’s LNG receiving terminals operated at 62 percent capacity in January, nearly the same in the first days of February. At the same time the level of LNG inventories in the tanks of receiving terminals is decreasing more and more. This suggests that the inflow of new LNG cargoes to the region is falling amid low prices and competition from Asia.
The day-ahead contract at the TTF hub in the Netherlands added just over a percent in the past 24 hours, closing at $592 per thousand cubic meters.
The “Asian premium” is stable. – gap between gas prices in Asia and the price of LNG supplies to Europe. March futures for JKM Platts (Japan Korea Marker, reflecting the spot market price for cargoes supplied to Japan, South Korea, China and Taiwan) traded at $639; futures for LNG supplied to North West Europe (LNG North West Europe Marker) traded at $582.
The state of U.S. UGS reserves is becoming increasingly important to the global market as the country is actively ramping up exports.
In the regular reporting week (ended Feb. 3), reserves fell by 6.1 bcm. For the first time since the beginning of the year, weekly withdrawals exceeded the average for the last five years.
The current reserve level is 49%, 5 percentage points above the five-year average, according to the U.S. Department of Energy’s Energy Information Administration (EIA).
February promises to be a cold month in the country, which will lead to an increase in energy spending for heating. On the other hand – America’s largest LNG plant, Freeport LNG, is still delaying its restart after an accident, leaving gas that was supposed to go to exports in the domestic market.
So far, the EIA has projected that storage inventories will fall by 60 billion cubic meters this winter (the average for the last five years). At the end of March, natural gas volumes in storage are projected to be 40 billion cubic meters. This is 8% below the five-year average.
