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 2 Bcf last week, rising from 3,693 Bcf to 3,695 Bcf. This is 6.7% below the 3,959 Bcf that was in storage at this point last year, and is 1.0% below the five-year average of 3,731. This week’s storage build was unexpected, as analysts predicted a draw of 4 Bcf.
Stocks in the South Central region were entirely responsible for the build this week, adding21 Bcf. The largest draw came in the Midwest region, where stocks declined by 10 Bcf.
Stocks in the Mountain and Midwest regions and salt stocks in the South Central region are above the five-year average. Gas in storage in the Pacific region is 11.3% lower than the five-year average for the area.
