EIA says natural gas storage levels up over previous week, year

The Energy Information Administration (EIA) reported Sept. 17 that natural gas storage levels were up over both recent totals and figures from one year ago.

Working gas in storage was 3,334 Bcf as of Friday, September 11, 2015, according to EIA estimates. This represents a net increase of 73 Bcf from the previous week, EIA said in its Weekly Natural Gas Storage report.

Stocks were 456 Bcf higher than last year at this time and 125 Bcf above the five-year average of 3,209 Bcf.

In the East Region, stocks were 38 Bcf below the five-year average following net injections of 50 Bcf. Stocks in the Producing Region were 149 Bcf above the five-year average of 1,016 Bcf after a net injection of 21 Bcf. Stocks in the West Region were 13 Bcf above the five-year average after a net addition of 2 Bcf. At 3,334 Bcf, total working gas is within the five-year historical range.

The Weekly Natural Gas Storage Report is a Principle Federal Economic Indicator used by the public to determine natural gas inventory levels, indicators of the balance between supply and demand in the natural gas market.

http://ir.eia.gov/ngs/ngs.html

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.