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U.S. Natural Gas Storage Levels Match All-Time Record

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Multiple readiness assessments believe that this winter's energy demand will be sufficiently met across U.S. power markets.

Why?

Because of a mild winter forecast, increased natural gas production, and record levels of natural gas in storage.

In the most recent edition of the Weekly Natural Gas Storage Report, the U.S. Energy Information Administration (EIA) found that working natural gas in storage matched the all-time record of 3,929 billion cubic feet (Bcf) on October 30, 2015. The current level — which ties the previous inventory record set on November 2, 2012 — is illustrated below: 

Record levels of natural gas production have directly contributed to near-record inventories. In August, production levels hit a new monthly record at 81.3 Bcf/d. And, with an estimated net injection of 2,453 Bcf since April, the 2015 injection season has been the second-highest net build ever. 

As injections generally continue through the first few weeks of November, the EIA estimates that — depending on weather conditions — natural gas inventories could continue to grow, surpassing 4,000 Bcf and breaking the all-time weekly record. 

Read the EIA’s latest Weekly Natural Gas Storage Report. For more information on winter readiness, check out our recent blog posts on assessments released by the Electric Reliability Council of Texas (ERCOT) and the Federal Energy Regulatory Commission (FERC)

Posted: November 10, 2015

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