EIA - Natural Gas Storage Report - June 16

[dan_s]

Working gas in storage was 2,095 Bcf as of Friday, June 10, 2022, according to EIA estimates.
This represents a net increase of 92 Bcf from the previous week.
Stocks were 330 Bcf less than last year at this time and 323 Bcf below the five-year average of 2,418 Bcf.
At 2,095 Bcf, total working gas is within the five-year historical range.

In the last 13 weeks (a quarter of the year) the net increase has been 25 Bcf lower than the 5-year average (increased deficit to 5-yr ave.)

In the last 4 weeks (~1 month) the net increase of 364 Bcf has been 12 Bcf lower than the 5-year average. < Mid-May to Mid-June are the highest injections of the year because of mild weather over most of the country.

Over the next 7 weeks (Mid-June thru end of July) the 5-year average weekly increases range from 86 Bcf (week ending June 17) to 31 Bcf (week ending July 29). Thanks to the heat wave, I expect the next two week's reports to show increases below the 5-year averages of 86 Bcf and 68 Bcf.

There are 22 weeks remaining in the refill season.