EIA Natural Gas Storage Report - Sept 26

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

EIA Natural Gas Storage Report - Sept 26

Post by dan_s »

Working gas in storage was 3,205 Bcf as of Friday, September 20, 2019, according to EIA estimates. This represents a net increase of 102 Bcf from the previous week.
Stocks were 444 Bcf higher than last year at this time and 47 Bcf below the five-year average of 3,252 Bcf. At 3,205 Bcf, total working gas is within the five-year historical range.

Build of 102 Bcf compares to my guess of 90 Bcf and last year's build of 88 Bcf.

We are right in the middle of the "Shoulder Season" when storage builds a large.

My SWAG for next week is a build of 90 Bcf.

There is plenty of room in storage and we need ~3,800 Bcf in storage by mid-November.

Weather starts impacting storage builds in mid-October. The 5-year average build for the last week of October is 39 Bcf, but then they are much higher the first two weeks of November (weird).
Dan Steffens
Energy Prospectus Group
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