US places near-record volumes of natgas in storage

The amount of stored working natural gas at Oct. 31, was 37 billion cubic feet higher than the previous five-year end-of-October average, according to Energy Information Administration data.

Natural gas in storage in 2019 went from a relatively low volume of 1.16 trillion cubic feet at April 1, to 3.72 Tcf at Oct. 31, due to near-record injections during that timeframe, the refill  season, Kallanish Energy reports.

Although the end of the natural gas storage injection season is traditionally defined as Oct. 31, injections often occur in November.

Working natural gas stocks ended the previous heating season at 1.16 Tcf on March 31 – the second-lowest level for that time of year since 2004, EIA reports.

The 2019 injection season included several weeks with relatively high injections: weekly changes exceeded 100 Bcf nine times in 2019. Certain weeks in April, June, and September were the highest weekly net injections in those months since at least 2010.

From April 1 through Oct. 31, more than 2.57 Tcf of natural gas was placed into storage in the Lower 48 U.S. states.

This volume was the second-highest net injected volume for the injection season, falling short of the record 2.73 Tcf injected during the 2014 injection season. In 2014, a particularly cold winter left natural gas inventories in the Lower 48 at 837 Bcf—the lowest level for that time of year since 2003.

This post appeared first on Kallanish Energy News.