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Lower 48 gas storage injections fall short of estimates at 49 Bcf


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Lower 48 gas storage injections fall short of estimates at 49 Bcf

Natural gas storage operators put a net 49 Bcf into Lower 48 inventories during the week ended Aug. 9, matching the five-year-average build, the U.S. Energy Information Administration reported.

The build, which missed the 54 Bcf forecast by an S&P Global Platts analyst survey, brought total Lower 48 working gas supply to 2,738 Bcf, or 357 Bcf above the year-ago level and 111 Bcf below the five-year average.

By region:

* In the East, stockpiles were up 21 Bcf on the week at 634 Bcf, 8% more than the year before.

* In the Midwest, stockpiles rose 28 Bcf at 729 Bcf, 21% above a year earlier.

* In the Mountain region, inventories were up 3 Bcf at 164 Bcf, 9% more than a year earlier.

* In the Pacific region, stockpiles were level at 272 Bcf, 13% higher than a year earlier.

* In the South Central region, inventories fell 2 Bcf at 939 Bcf, 17% above the year before.

Of that total, 214 Bcf was in salt cavern facilities and 725 Bcf was in non-salt-cavern facilities. Working gas stocks fell 3% in salt cavern facilities from the week before and were up 0.8% in non-salt-cavern facilities.

S&P Global Platts and S&P Global Market Intelligence are owned by S&P Global Inc.