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 24 Bcf last week, increasing to 2,273 Bcf from 2,249 Bcf. This is 23.7% below the 2,978 Bcf that was in storage at this point last year, and is 19.7% below the five-year average of 2,830 Bcf. This week’s storage build fell short of expectations, as analysts predicted a build of 37 Bcf.

 

Several regions saw a draw this week, with inventories decreasing by 18 Bcf in the South Central and 2 Bcf in the Pacific. The largest increases came in the East and Midwest regions, which added 20 Bcf and 23 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 25.2% below the average.

Weekly Gas Storage: Summer Build Hits the Brakes

Weekly Gas Storage: Summer Build Hits the Brakes

Weekly Gas Storage: Summer Build Hits the Brakes


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