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 2,768 Bcf from 2,722 Bcf. This is 20.0% below the 3,458 Bcf that was in storage at this point last year, and is 18.3% below the five-year average of 3,389 Bcf. This week’s storage build was fell short of expectations, as analysts predicted a build of 63 Bcf.

 

The only draw this week came in the South Central region, where inventories fell by 11 Bcf. The largest increases came in the East and Midwest regions, which added 20 Bcf and 30 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 38.4% below the average.

 

Weekly Gas Storage: Slowing Build

Weekly Gas Storage: Slowing Build


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