EIA: Nat Gas Storage Levels Hit Record High

The U.S. Energy Information Administration (EIA) reports that working natural gas storage levels in the lower 48 states hit 3986 Bcf (0.112 X 10¹² m³) as of Oct. 31, a record high.

That amount is 5% higher (183 Bcf [5.2 X 10⁹ m³]) than the five-year (2011-2015) end-of-October average. It also exceeds the previous end-of-October high of 3,929 Bcf (0.111 X 10¹² m³) set in 2012.

Net injections during the year’s refill season, which began April 1, were 678 Bcf (19.2 X 10⁹ m³) or 31% lower than the five-year average and 955 Bcf (27 X 10⁹ m³) or 39% lower than last year’s injections.