EIA - Natural Gas Storage Report - June 30

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

EIA - Natural Gas Storage Report - June 30

Post by dan_s »

Working gas in storage was 2,251 Bcf as of Friday, June 24, 2022, according to EIA estimates.
This represents a net increase of 82 Bcf from the previous week.
Stocks were 296 Bcf less than last year at this time and 322 Bcf below the five-year average of 2,573 Bcf.
At 2,251 Bcf, total working gas is within the five-year historical range.

The 82 Bcf build is 14 Bcf higher than the 5-year average for the week. < With Freeport LNG offline, LNG export capacity is down 2 Bcfpd.

Over the last 13 weeks (1 quarter of a year) the storage builds have been 83 Bcf below the 5-year average.

Assuming that Freeport LNG comes back online early in Q4, storage should be 300 to 400 Bcf below the 5-year average when the next winter heating season begins mid-November. The 5-year average storage level is 3,735 Bcf at the beginning of the winter heating season.

There are 20 more weeks remaining in the refill season.
Dan Steffens
Energy Prospectus Group
Fraser921
Posts: 2955
Joined: Mon Mar 22, 2021 11:48 am

Re: EIA - Natural Gas Storage Report - June 30

Post by Fraser921 »

NG has fallen from 9.50 to 6.00 in 22 days WOW!!
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