EIA - Natural Gas Storage Report - June 30
Posted: Thu Jun 30, 2022 9:49 am
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.
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.