Thursday, September 25, 2014

EIA: Gas in Storage +97 Bcf to 2.988 Tcf

The EIA reported this morning that working gas in storage was up 97 Bcf to 2.988 Tcf.  The injection was 18% above last year (+82 Bcf) and 23% above the five year average (+79 Bcf).  The current storage level is now 11.4% below last year (3.374 Tcf, a difference of 386 Bcf) and 12.5% below the five year average (3.414 Tcf, a difference of 426 Bcf).

To date in 2014, storage has added 2.166 Tcf since it bottomed out in early April. By comparison, the total storage add in 2013 injection season was 2.161 Tcf from early April to mid-November.  The storage add in 2014 is at the 2013 level and there are +/-7 weeks left in the injection season.

Temperatures in the Lower 48 last week averaged 65.4 degrees, which was 2.3 degrees cooler than last year and 2.3 degrees cooler than average.

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