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 35 Bcf last week, increasing to 2,308 Bcf from 2,273 Bcf. This is 23.0% below the 2,996 Bcf that was in storage at this point last year, and is 19.7% below the five-year average of 2,873 Bcf. This week’s storage build fell short of expectations, as analysts predicted a build of 42 Bcf.
Several regions saw a draw this week, with inventories decreasing by 12 Bcf in the South Central and 7 Bcf in the Pacific. The largest increases came in the East and Midwest regions, which added 25 Bcf and 28 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 27.2% below the average.
