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Highlights for June JODI Natural Gas Data:

NATURAL GAS
  • Natural gas demand was at 104 percent of year-ago levels while production was in line with 2021 levels.
  • Russian gas production plummeted 18 percent month-on-month in June. Production has fallen for three consecutive months and is at 70 percent of March levels.
  • EU+UK gas consumption was at a 5-year seasonal low in June, while LNG imports were up nearly 50 percent year-on-year. The group’s inventories increased by 9 bcm – slightly less than the seasonal average build of 11 bcm – to stand 57 percent full at the end of June.
  • Total LNG exports were up 17% year-on-year.
  • Total gas inventories increased by 28.5 bcm and stood 16.1 bcm below the five-year average.
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