"Working gas in storage exceeds historical levels by significant margins for this time of year in each of the three regions, with inventories in the Producing region exceeding the 5-year average by 271 Bcf and last year’s levels by 306 Bcf."
"Working gas stocks appear likely to exceed the previous all-time record in the history of the weekly series of 3,565 Bcf reported in the Natural Gas Monthly at the end of October 2007."
And this transportation note;
" # A variety of interstate pipeline companies have started reducing service flexibility, citing high storage injection activity despite high inventory levels. Tennessee Gas Pipeline Company on Wednesday, August 26, issued a system-wide alert notifying customers that their actual daily flow rate must not exceed 2 percent above scheduled quantities or 500 decatherms (Dths), whichever is greater. A penalty of $0.2198 per Dth in excess of these levels applies to physical quantities related to over-deliveries by receipt point operators and under-takes by delivery point operators. Similarly, Columbia Gas Transmission implemented tighter controls on Thursday, August 27, noting that a penalty of $5.00 per Dth applies to all volumes injected in excess of 110 percent of shippers’ maximum daily contractual quantities. Columbia Gas suspended services for customers with lower-priority or interruptible contracts. "
Is the above connected to the relatively low injection figures from the Producing region?
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