Gas Storage Injections May Set Record
But EIA says total replenishment is unlikely
The U.S. Energy Information Administration (EIA) has reported that strong injections recently boosted natural gas working inventories in the contiguous United States to 1606 Bcf (45.5 x 106 m3), but that still was an 11-year low for this time of year.
Storage operators use compressors to inject gas into underground salt domes and depleted gas fields during summer months. They withdraw the gas during the winter heating season to supplement normal pipeline supplies.
EIA said that over the next five months, growth in U.S. gas production and flat demand from the electric power sector will set the stage for a record injection of 2587 Bcf (73.2 x 106 m3) before the 2014-15 winter season begins, but that would be the lowest pre-winter level since 2008.
“This is because of the low starting inventories, following a 2013-14 winter defined by record high natural gas consumption and storage withdrawals as waves of bitterly cold weather repeatedly swept across the U.S.,” EIA said.