Energy Prospectus

Working gas in storage was 1,705 Bcf as of Friday, February 15, 2019, according to EIA estimates. This represents a net decrease of 177 Bcf from the previous week.
Stocks were 73 Bcf less than last year at this time and 362 Bcf below the five-year average of 2,067 Bcf. At 1,705 Bcf, total working gas is within the five-year historical range.

Draw is a bit higher than I was expecting. Winter is far from over. See weather update at: https://www.weatherbell.com/premium/

We are now on-track to end the winter heating season on March 31st with approximately 1,200 Bcf of gas in storage. If so, we would start the refill season 437 Bcf below the 5-year average. That would add more than 2 Bcfpd of demand for natural gas during the refill season (April to October).

Last year draws from storage continued until the week ending April 20, shortening the refill season by three weeks.

I don't know if you're interested in LNG draw downs, but Celsius Energy has some great info.

http://www.celsiusenergy.net/p/map2.html

If you look at slide "Total Weekly Natural Gas Feedgas Delivery to Sabine Pass and Cove Point LNG Plants" you can see drop off of production on week ending 2/8/19. For that same period, there was actually an increase in gas injected to South Central Salt storage as reported by EIA last week. Both plants experienced production delays because ships couldn't get through fog in gulf. On the surface, this may have contributed to a less than stellar draw down from South Central Storage for that week.

Conversely, this week's EIA report showed a very large draw down from South Central Salt Storage for week of 2/15. That's coupled with a very warm weather spell in Southeast. If you look at ramp up in LNG production on Celsius report, both LNG plants almost returned to full production for week ending 2/15/19. I believe there may be a correlation between production at these two facilities and impact to Salt Storage draw-downs.

If there is indeed a correlation, look at projected ramp-up in production for week ending 2/22/19.

What's the significance? Salt Storage drives Henry Hub (NYMEX) pricing.

This site has some great info on capacity availability and utilization for LNG facilities, along with produciton

https://www.naturalgasintel.com/topics/ ... al-gas-lng