The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.
In total, the EIA reports natural gas stocks rose by 90 Bcf last week, increasing to 2,956 Bcf from 2,866 Bcf. This is 17.5% below the 3,583 Bcf that was in storage at this point last year, and is 17.0% below the five-year average of 3,563 Bcf. This week’s storage build was directly in line with expectations, as analysts predicted a build of 90 Bcf.
Nearly every region saw a build in inventories this week, with only the Pacific region holding flat. The largest increases came in the East and Midwest regions, which added 27 Bcf and 35 Bcf, respectively.
Stocks in every region are below the five-year average. Gas in storage in salt stocks in the South Central region is the farthest below the five-year average for the area, at 36.3% below the average.
