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 86 Bcf last week, increasing to 2,722 Bcf from 2,636 Bcf. This is 19.8% below the 3,394 Bcf that was in storage at this point last year, and is 17.7% below the five-year average of 3,308 Bcf. This week’s storage build was in line with expectations, as analysts predicted a build of 82 Bcf.
Every region saw a build this week, the first week without any draw since mid-June. The largest increases came in the East and Midwest regions, which added 30 Bcf and 36 Bcf, respectively.
Stocks in every region are below the five-year average. Gas in storage in salt stocks in the South Central region is the farthest below the five-year average for the area, at 32.8% below the average.
