Natural Gas Storage Report - July 5
Posted: Sat Jul 06, 2013 6:32 pm
Working gas in storage was 2,605 Bcf as of Friday, June 28, 2013, according to EIA estimates. This represents a net increase of 72 Bcf from the previous week. Stocks were 491 Bcf less than last year at this time and 30 Bcf below the 5-year average of 2,635 Bcf.
As long as the storage level stays below the 5-year average, I am happy. Injects should go down as summer heat spreads and more gas is consumed for power generation.
As long as the storage level stays below the 5-year average, I am happy. Injects should go down as summer heat spreads and more gas is consumed for power generation.