After record injections, natural gas storage levels now within 7% of 5-year average
Working natural gas in storage ended October at 3,571 Bcf, a record increase of 2,734 Bcf during the April 1 to October 31 injection season, and within 7% of the average of the last five end-of-season storage levels. While end-October natural gas stocks are at a five-year low, increased natural gas production, which has reached an all-time high, and new pipeline projects will help meet winter natural gas demand. Higher production means that even if this winter were as cold as last year, EIA expects natural gas storage at the end of March 2015 will be above its March 2014 level….Read More