From the Energy Information Administration:
In the News:
Natural gas stocks end heating season at record high level
Working natural gas in storage as of March 31, the traditional end of the heating season, totaled 2,478 billion cubic feet (Bcf), interpolated from EIA’s Weekly Natural Gas Storage Report data released today. This is 868 Bcf (54%) higher than the five-year (2011-15) end-of-March average, and exceeds the previous end-of-March high set in 2012. Net withdrawals during this year's heating season, which started on November 1, 2015, were 728 Bcf lower than the 5-year average and 655 Bcf lower than withdrawals last year.
A year ago, at the end of March 2015, inventories totaled 1,458 Bcf, about 12% less than the five-year average (2010-14) for that time. Since May 2015, inventories have remained greater than the five-year average. Heading into the winter heating season, inventories set a record high at 4,009 Bcf. During most weeks of the heating season, weekly withdrawals were smaller than the five-year average level for the week.
Warmer-than-normal temperatures and relatively high production have led to high end-of-March storage levels. Residential consumption during the November – March withdrawal season averaged an estimated 21.0 Bcf/d, according to EIA’s Short-Term Energy Outlook. This compares to 24.9 Bcf/d last year and a five-year average of 23.5 Bcf/d. While production showed signs of flattening during the winter, it ended the period at relatively high levels....MUCH MORE
Supply increases. Total supply increased by 1.1% for the report period, according to data from Bentek Energy. This was driven by a substantial increase in imports from Canada, which rose by 23.2% week on week, an increase of about 1 billion cubic feet per day (Bcf/d). Dry production fell by 0.2% and LNG imports increased by 3.6%. LNG imports are a negligible contributor to supply.
