Working gas in storage was 2,256 Bcf as of Friday, April 28, 2017, according to EIA estimates. This represents a net increase of 67 Bcf from the previous week. Stocks were 359 Bcf less than last year at this time and 303 Bcf above the five-year average of 1,953 Bcf. At 2,256 Bcf, total working gas is within the five-year historical range.
Injections to storage peak from mid-May to mid-June at 90-100 Bcf per week. Demand for power generation will increase during the summer and so will LNG exports. Q3 will be interesting.
Natural Gas Storage Report - May 4
Natural Gas Storage Report - May 4
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group