EIA: Nat Gas Storage Levels Hit Record High

By CT2 Staff11 November 2016

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.

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