Thursday, May 6, 2010

Storage: +83 Bcf to 1.995 Tcf

The weekly EIA natural gas in storage report showed an 83 Bcf net injection, bringing the total amount of working gas in storage to 1.995 Tcf.  The weekly injection is 4 Bcf lower than the corresponding week last year and 12 Bcf higher than the five year average.  The current storage level is now 18.8% higher than the five year average.

Given the mild weather across the country last week, the 83 Bcf injection isn't as bad as it could have been.

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