EIA: US Nat Gas Stocks Rise

Supplies Increase 102 Bcf in Week to 2.088 Tcf

HOUSTON (DTN) -- The Energy Information Administration on Thursday reported natural gas held in U.S. storage increased an about-as-expected 102 billion cubic feet (Bcf) in the week ended June 7 to 2.088 trillion cubic feet (Tcf), which is up 189 Bcf or 10% from the same time in 2018 but 230 Bcf or 9.9% below the five-year average of 2.318 Tcf.

The 102 Bcf injection into working gas in the week ended June 7 compares with a 95 Bcf increase in the same week last year and a five-year average build of 92 Bcf.

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EIA data shows South Central Region natural gas stocks rose 21 Bcf in the week at 843 Bcf while Midwest Region supplies climbed 33 Bcf to 469 Bcf. Versus five-year average levels, South Central Region inventories were down 100 Bcf or 10.6% and Midwest Region stocks down 33 Bcf or 6.6%.

East Region natural gas inventories increased 28 Bcf in the week-ended June 7 to 440 Bcf, which was up 67 Bcf or 18% from the year-ago level but down 16 Bcf or 3.5% below the five-year average of 456 Bcf.

Pacific Region natural gas stocks rose 14 Bcf during the week to 227 Bcf while Mountain Region supplies increased 10 Bcf to 111 Bcf. Versus five-year average levels, Pacific Region stocks were down 43 Bcf or 15.9% and Mountain Region stocks down 36 Bcf or 24.5%.

On Tuesday, the EIA said in Today in Energy that net injections into U.S. natural gas storage during April and May totaled 831 Bcf, a record-high for that two-month period.

Injections into domestic natural gas storage have exceeded 100 Bcf in six of the past seven weeks, according to EIA data.

Alton Wallace can be reached at alton.wallace@dtn.com

(BM/CZ)

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