Edit ModuleShow Tags

U.S. Gas Injections at Record Pace

Inventories will be near normal when winter begins


Published:

The U.S. Energy Information Administration (EIA) reports that compressors are busy at privately owned gas storage fields.

Following an extremely cold weather, inventories at the end of the 2013-14 heating season were 857 Bcf (24 x 109 m3), the lowest level since 2003.

EIA said that nearly midway through the summer storage injection season (the beginning of April through the end of October), it projects a record build of 2.6 Tcf (73 x 109 m3) will bring stocks to 3.4 Tcf (96 x 109 m3) by the beginning of winter.

“While the refill season began slowly in April, injections quickly ramped up in May and have substantially exceeded five-year average levels each week since then. As a result, the gap between current storage and the five-year average narrowed substantially. Currently, inventories are 683 Bcf (19 x 109 m3) below the five-year average,” EIA said.

The agency explained that gas production is about 3 Bcfd (85 x 106 m3/day) more than it was last summer while demand from the electric power sector has been flat. It said added that continued high production is expected through next spring, which will lessen the need for storage withdrawals next winter.

Edit ModuleShow Tags

Archive »Recent Articles

MCO-I Coming To America

Mitsubishi Heavy Industries Compressor International Corp. (MCO-I) has started operating in North America at its facility in Pearland, Texas, south of Houston.

EIA: Natural Gas Prices Increase In Most Locations

Most market locations saw natural gas prices jump during the April 15 to April 22 report week, according to the U.S. Energy Information Administration.

Valerus Recognized For Safety Performance

Valerus received a Gas Processors Suppliers Association (GPSA) Company Safety Award at the 2015 GPSA annual convention in San Antonio, Texas.

GE Adds Propak To Power Packager Program

GE’s Distributed Power business has expanded its Gas Compression Power Packager program in Canada by adding Propak Systems as a new participant at the platinum level.

Nasmyth Group Opens North American Headquarters

Nasmyth Group, a global supplier of precision engineering, products and services, opened its regional North American headquarters.