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 63 Bcf last week, increasing to 2,568 Bcf from 2,505 Bcf. This is 20.0% below the 3,211 Bcf that was in storage at this point last year, and is 18.7% below the five-year average of 3,158 Bcf. This week’s storage build was in line with expectations, as analysts predicted a build of 60 Bcf.
Inventories decreased by 5 Bcf in the salt stocks in the South Central region, the only draw this week. The largest increases came in the East and Midwest regions, which added 22 Bcf and 32 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 32.1% below the average.
