Natural Gas Inventory Exceeds Five-Year Average for First Time Since Nov. 2013
EIA Today in Energy: Working natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 billion cubic feet (Bcf) as of February 13, stocks are 58 Bcf greater than the five-year average.
Recent extremely cold weather may result in high stock withdrawals for the week ending February 20, which could again push stocks below their five-year average. However, natural gas production in February and March that is forecast to average 5 Bcf/day above the year-ago level is likely to contribute to healthy inventories and moderate prices as the nation moves from winter into spring.
Read more: http://1.usa.gov/1vlcUvd
More industry news:
- SMU’s Weinstein: U.S. Energy Abundance Achieved Despite Feds: http://bit.ly/1zsO4pG
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- Marcellus Shale Breathes New Life into Old Pennsylvania Coal Plant: http://bit.ly/1zsRw3w
- Alaska Deep-Water Port Proposed for Vessels in Arctic Waters: http://bit.ly/1FD35fO
- Why the Arctic is the Gateway to U.S. Energy Security: http://bit.ly/17jMcba
By Mary Leschper
Originally posted February 20, 2014
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