Working gas in underground storage in the U.S. Lower 48 states rose by 102 billion cubic feet (Bcf) in the week ending on May 29, according to the U.S. Energy Information Administration.
The latest estimate by the EIA showed natural gas inventories rose 39% year-on-year to a total of 2,714 Bcf. The volume is 422 Bcf or 18.4% above the five-year average of 2,292 Bcf, Kallanish Energy reports.
According to The Desk analysts’ survey, estimates of the weekly net change to working gas stocks ranged from net injections of 93 Bcf to 122 Bcf, with a median estimate of 109 Bcf.
Eastern facilities saw the biggest build in the week at 32 Bcf, followed by an increase of 28 Bcf in storage facilities in the Midwest. South Central facilities hold the biggest natgas stocks to date at 1,131 Bcf.
Working Gas in Underground Storage (Stocks, billion cubic feet Bcf)
Source: EIA Weekly Underground Natural Gas Storage Report
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