US Natural Gas Storage Build Seen Below Average As LNG Rises
According to NGI, the upcoming EIA weekly natural gas storage report is expected to show an injection of 68 Bcf for the week ended Oct. 23.
According to NGI, the upcoming U.S. Energy Information Administration (EIA) Weekly Natural Gas Storage Report for the week ended Oct. 23 is projected to show an injection of 68 Bcf. This forecasted storage build is down 9 Bcf week-over-week and remains below the historical average, coinciding with liquefied natural gas (LNG) export volumes hitting new highs.
Storage Injection Forecast
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The predicted injection of 68 Bcf reflects a slower pace of inventory accumulation as domestic demand and export terminal activity draw heavily on available supply. The prior week's build was higher by 9 Bcf before this latest projection.
Key Facts
- The EIA Weekly Natural Gas Storage Report covers the week ended Oct. 23.
- The forecasted storage injection stands at 68 Bcf.
- The build is down 9 Bcf compared to the previous week.
- LNG activity has reached new highs during the period.
Source: naturalgasintel.com
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