(EIA) US Energy Information Administration expects natural gas inventories to hit 3.592 billion cubic feet at the onset of the winter heating season in November.
The inventories are 159 Bcf below the average reached between 2016 and 2020.
EIA’s projection reflects above-average withdrawals of natural gas stocks in the 2020-21 winter heating season, combined with below-average stock additions in the summer.
The US exported record levels of liquefied natural gas in 2021, leading to low levels of stock injections into storage.
Production of dry natural gas in the US has averaged 91.5 billion cubic feet per day from January to July 2021, 0.4 Bcf/d below the comparable period of 2020.
NG1! is down -1.69%.
