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 91 Bcf last week, increasing to 1,629 Bcf from 1,538 Bcf. This is 33.0% below the 2,433 Bcf that was in storage at this point last year, and is 23.4% below the five-year average of 2,128 Bcf. This week’s storage draw was perfectly in line with expectations, as analysts predicted a build of 91 Bcf.
Inventory increases were seen across the board this week, as the spring build continues. The largest increases came in the South Central and East regions, which added 28 Bcf and 24 Bcf, respectively, while the smallest builds were in the Mountain and Pacific regions, where stocks increased by 9 Bcf.
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 35.4% below the average.
