Working gas in storage was 2,051 Bcf as of Friday, March 31, 2017, according to EIA estimates. This represents a net increase of 2 Bcf from the previous week. Stocks were 427 Bcf less than last year at this time and 265 Bcf above the five-year average of 1,786 Bcf. At 2,051 Bcf, total working gas is within the five-year historical range.
Cold weather in the Great Lakes region should push the refill season out a couple of weeks. That is what is supporting the gas price today.
427 Bcf difference to ending storage last year will add additional demand of ~2 Bcfpd from April 1st to October 31st. That is big enough to support gas prices.
LNG exports get a big boost this summer when Cheniere brings on another train in South Louisiana.
Natural Gas Storage Report - April 6
Natural Gas Storage Report - April 6
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group