NatGas Storage Poised for 82 Bcf Build on Lull and Wind
NGI projects the upcoming EIA natural gas storage report to show an injection of 82 Bcf, up 15 Bcf week-over-week.
An autumn demand lull alongside blustery wind conditions is providing the natural gas market with additional room for storage builds, according to NGI.
EIA Storage Projections
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NGI projects that the next U.S. Energy Information Administration (EIA) Weekly Natural Gas Storage Report for the week ended Oct. 16 will reveal a storage injection of 82 Bcf. This projected figure represents an increase of 15 Bcf compared with the previous week's injection.
Key facts
- NGI projects an injection of 82 Bcf for the week ended Oct. 16.
- The anticipated injection is up 15 Bcf week-over-week.
- Seasonal demand lulls and windy weather are cited as contributing factors for storage capacity.
Source: naturalgasintel.com
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