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EIA: US Natural Gas Stocks Up 91 Bcf in Week to 2,004 Bcf
6/21 9:52 AM
EIA: US Natural Gas Stocks Up 91 Bcf in Week to 2,004 Bcf ORANGE BEACH, Ala. (DTN) -- The Energy Information Administration today reported natural gas held in U.S. storage increased a larger than expected 91 Bcf in the week-ended June 15 to 2,004 Bcf, which was down 757 Bcf or 27.4% from the same time last year and 499 Bcf or 19.9% below the five-year average of 2,503 Bcf. Market consensus expectations were for an injection of 85 Bcf in the week. The 91 Bcf injection during the week-ended June 15 compares with a 63 Bcf stock build in the same week last year and a five-year average increase of 83 Bcf. EIA data shows working gas in the South Central Region rose 24 Bcf during the week to 824 Bcf while Midwest stocks increased 29 Bcf to 372 Bcf. Versus five-year average levels, South Central Region inventories were down 152 Bcf or 15.6% while Midwest Region stocks were down 159 Bcf or 28.4%. East Region natural gas inventories increased 29 Bcf in the week-ended June 15 to 406 Bcf, which was down 104 Bcf or 20.4% from the year-ago level and 112 Bcf or 21.6% below the five-year average of 518 Bcf. Natural gas stocks in the Mountain Region rose 2 Bcf in the week to 127 Bcf while Pacific Region supplies were up 7 Bcf higher to 246 Bcf, EIA data shows. Compared to five-year average levels, Mountain Region stocks were down 28 Bcf or 18.1% and Pacific Region stocks were down 48 Bcf or 16.3%. (c) 2018 DTN. All rights reserved.