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Despite last week's larger-than-expected storage addition, natural gas inventories sit 25% below year-ago levels.
US natural gas storage and consumption in trillion cubic feet. Data from US EIA. Underground Natural Gas Storage facilities in lower 48 states [25] Consumption of natural gas in the US is strongly seasonal, higher in the winter than the summer by between 50% and 90%, depending on severity of the winter.
A consequence of the above factors is that developing an aquifer storage facility is usually time consuming and expensive. Aquifers are generally the least desirable and most expensive type of natural gas storage facility. Total Deliverability from Natural Gas Storage by Type of Facility, 1998, 2005, 2008. [3]
Natural Gas Weekly Update: Weekly summary and discussion of events and trends in U.S. natural gas markets. [12] Data and Surveys Gasoline and Diesel Fuel Update: Weekly price data for U.S. national and regional averages. Monthly Energy Review: Provides statistics on monthly and annual U.S. energy consumption going back in some cases to 1949.
At 1.107 trillion cubic feet, natural gas inventories are 33.2% under the five-year average and 20.5% below the year-ago figure. EIA Data Shows U.S. Natural Gas Supplies Falling by 36 Bcf Skip to ...
Lingering storage deficits are underpinning prices, but a steadily rising rig count implies growth in production that could cap gains and create downside risks.
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North American natural gas injections (positive) represent additional demand and compete with alternative uses such as gas for heating or for power generation. Natural gas storage levels significantly affect the commodity's price. When the storage levels are low, a signal is being sent to the market indicating that there is a smaller supply ...