Thursday, February 13, 2014

Natural Gas Storage Report: Inventories Down 237 BCF

EIA reported today that 237 B was withdrawn from working gas inventories in the week ended Feb 7.  That substantially increased the storage deficit relative to last year and the 5 year average.  Salt dome storage fell 28 B to 109 B:

Overall, this very large withdrawal keeps gas inventories on a path to end the season around 1,000 B, an extremely low level, and more than 600 B below last year.

View the full PDF Report Here.