Natural Gas News – June 8, 2023

By Published On: June 8, 2023Categories: Daily Natural Gas Newsletter

Natural Gas News – June 8, 2023

Russia Says It Will Study Iran’s Plan To Create A Natural Gas Hub

Russia’s agencies will study Iran’s plans to create a natural gas hub on the Persian Gulf in cooperation with Russia, Qatar, and Turkmenistan, Russian Deputy Foreign Minister Sergey Ryabkov said on Thursday. On Wednesday, Iranian Oil Minister Javad Owji said that Iran is looking to set up a natural gas hub in the Persian Gulf and is cooperating with Russia, Qatar, and Turkmenistan to that end. “With the cooperation of Russia, Turkmenistan, and Qatar, we are trying to have a gas hub in the Asaluyeh region, and its preparations are being planned,” Iranian media quoted Owji as saying. Asaluyeh is a port and energy hub in the southern Bushehr province in the Gulf. Russia welcomes initiatives aimed at addressing energy security, Ryabkov said on Thursday…

POLL-US natural gas stockpiles seen 113 bcf higher in week to June 2

Repeats with no changes to text June 8 (Reuters) – U.S. utilities likely added a bigger-than-normal 113 billion cubic feet (bcf) of natural gas to storage last week as milder weather kept demand for the fuel low, a Reuters poll showed on Wednesday. That compares with a 99 bcf injection during the same week a year ago and a five-year (2018-2022) average increase of 100 bcf. In the week ended May 29, utilities added 110 bcf of gas into storage. USOILN=ECI The forecast for the week ended June 2 would lift stockpiles to 2.559 trillion cubic feet (tcf), 29% above the same week a year ago and about 17% above the five-year average. The U.S. Energy Information Administration (EIA) will release its weekly storage report at 10:30 a.m. EDT (1430 GMT) on Thursday.…

This article is part of Daily Natural Gas Newsletter


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