The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.
In total, the EIA reports natural gas stocks rose by 46 Bcf last week, increasing to 2,249 Bcf from 2,203 Bcf. This is 24.0% below the 2,959 Bcf that was in storage at this point last year, and is 19.2% below the five-year average of 2,784 Bcf. This week’s storage build was in line with expectations, as analysts predicted a build of 56 Bcf.
Several regions saw a draw this week, with inventories decreasing by 5 Bcf in the South Central and 1 Bcf in the Pacific. The largest increases came in the East and Midwest regions, which added 27 Bcf and 24 Bcf, respectively.
Stocks in every region are below the five-year average. Gas in storage in the Midwest region is the farthest below the five-year average for the area, at 24.8% below the average.
