Eia Weekly Natural Gas Storage Report Act For Prev

Natural gas weekly update.

Eia weekly natural gas storage report act for prev. Stocks were 484 bcf higher than last year at this time and 38 bcf below the five year average of 3 230 bcf. Between january and early july 2020 approximately 5 billion cubic feet per day bcf d of new pipeline capacity entered service in the united states according to the u s. The energy information administration eia provides weekly information on natural gas stocks in underground storage for the u s. Stocks were 580 bcf higher than last year at this time and 438 bcf above the five year average of 2 982 bcf.

The level of inventories helps determine prices for natural gas products. According to the desk survey of natural gas analysts estimates of the weekly net change to working natural gas stocks ranged from net injections of 28 bcf to 43 bcf with a median estimate of 34 bcf. The average rate of injections into storage is 7 higher than the five year average so far in the refill season april through october. Energy information administration s eia natural gas pipeline project tracker several of these projects could increase deliverability to growing natural gas demand markets in north america.

Working gas in storage was 3 455 bcf as of friday august 28 2020 according to eia estimates. Releases may change on weeks with federal holidays. And five regions of the country. Underground natural gas working storage capacity u s.

This represents a net increase of 45 bcf from the previous week. Working gas in storage was 3 192 bcf as of friday december 27 2019 according to eia estimates. The weekly natural gas storage report wngsr estimates of natural gas in underground storage are based on a sample survey the eia 912 weekly underground natural gas storage report. Energy information administration eia provides daily and weekly information on natural gas market activity and drivers in three weekly products.

Stocks were 538 bcf higher than last year at this time and 407 bcf above the five year average of 3 048 bcf. Crude oil and natural gas proved reserves perspectives on the development of lng market hubs in the asia pacific region. Sample reselections are necessary from time to time to capture changes in the population. Description natural gas product prices are determined by supply and demand just like any other good and.

At 3 420 bcf total working gas is above the five year historical range. At 3 455 bcf total working gas is above the five year historical range. Natural gas is a significant source of energy in the united states accounting for nearly one third of total u s. Weekly natural gas storage report.

This represents a net increase of 35 bcf from the previous week. Working gas in storage was 3 420 bcf as of friday august 21 2020 according to eia estimates.