Energean, China Oil Imports: Your Daily Energy News

---

Energy Market highlights gathered by Industrial Info and IIR Energy

NATURAL GAS
U.S. Gas Futures Dive 13% - U.S. natural gas futures plunged about 13% on Monday to a one-week low as output increased and the weather turned milder than forecast. U.S. front-month gas futures for June delivery fell $1.017, or 12.6%, to settle at $7.026 per million British thermal units, their lowest close since April 28 and the biggest daily percentage decline since it fell 26% in late January. (Reuters)

CRUDE OIL
China's January-April Crude Oil Imports Drop 4.8% - China's crude oil imports from January through April 2022 fell 4.8% versus the year-ago period to 171 million metric tons, customs said on Monday. Natural gas imports during the same period were down 8.9% on the year to 35.87 million metric tons. (Reuters)

PRODUCTION
Energean Discovers New Gas Off Israel's Coast - Eastern Mediterranean-focused oil and gas producer Energean plc (London, England) said on Monday it had made a new commercial gas discovery off the coast of Israel, although it fell far short of the company's previous estimates. Energean said it had discovered 8 billion cubic meters (Bcm) of natural gas in its Athena exploration well, which lies between its Karish and Tanin fields. (Reuters)

.....

About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.