Thursday, August 6, 2009

Nat Gas Storage Pain


Summary
Working gas in storage was 3,089 Bcf as of Friday, July 31, 2009, according to EIA estimates. This represents a net increase of 66 Bcf from the previous week. Stocks were 580 Bcf higher than last year at this time and 496 Bcf above the 5-year average of 2,593 Bcf. In the East Region, stocks were 146 Bcf above the 5-year average following net injections of 56 Bcf. Stocks in the Producing Region were 272 Bcf above the 5-year average of 796 Bcf after a net injection of 9 Bcf. Stocks in the West Region were 78 Bcf above the 5-year average after a net addition of 1 Bcf. At 3,089 Bcf, total working gas is above the 5-year historical range.

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