Natural Gas Storage Report - Oct. 22

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Working gas in storage was 3,814 Bcf as of Friday, October 16, 2015, according to EIA estimates. This represents a net increase of 81 Bcf from the previous week. Stocks were 434 Bcf higher than last year at this time and 163 Bcf above the 5-year average of 3,651 Bcf.

Draws from storage will begin mid-November.

Cheniere Energy Inc.’s Sabine Pass terminal, the first complex designed to liquefy and export natural gas from the continental U.S., is being commissioned and is on track to start producing by the end of the year, said Bechtel Corp., the engineering and construction company behind the project.

Bechtel is performing the commissioning work alongside Cheniere, Bechtel Chief Operating Officer Brendan Bechtel said in an interview at Bloomberg’s headquarters in New York Tuesday. Cheniere is planning six liquefaction plants at the terminal in Louisiana. Five have been contracted and are under construction, Cheniere Chief Executive Officer Charif Souki said in August. The first plant was scheduled to come online by the end of 2015.