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 48 Bcf last week, increasing to 2,435 Bcf from 2,387 Bcf. This is 21.9% below the 3,119 Bcf that was in storage at this point last year, and is 19.7% below the five-year average of 3,034 Bcf. This week’s storage build was in line with expectations, as analysts predicted a build of 49 Bcf.
Several regions saw a draw this week, with inventories decreasing by 3 Bcf in the South Central and 1 Bcf in the Pacific. The largest increases came in the East and Midwest regions, which added 21 Bcf and 29 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 30.5% below the average.
