Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Natural gas inventories end the injection season near the record high

Weekly Natural Gas Inventory Level _Lower 48_2010-2020 Graph

The amount of working natural gas in storage in the United States ended the natural gas injection, or refill, season (April 1–October 31) at 3,920 Bcf, according to interpolated data from the U.S. Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report released on November 13. The amount of natural gas held in underground storage in the Lower 48 states is now near the record-high value, 4,047 Bcf, reached in mid-November 2016.

Working natural gas inventories were 2,006 Bcf on April 1, or 314 Bcf more than the average April 1 total in the previous five years. Higher inventory levels at the start of the injection season mean that storage operators can reach their end-of-season targets with smaller natural gas injections.

Net additions to working natural gas inventories totaled 1,914 Bcf during the injection season, about 2% less than the five-year average and 23% less than the near-record net injections of 2,571 Bcf reported during the 2019 injection season.

U.S. natural gas inventories climbed quickly in the spring and early summer. By the week of August 7, inventories exceeded the upper bound of the previous five-year range (the lowest to the highest levels) for that time of year. Since then, the pace of weekly injections has slowed because of slowing natural gas production throughout 2020 and relatively steady natural gas demand.

Principal contributor: Jose Villar


Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
Between mid-2019 and mid-2020, the amount of LNG terminal capacity in construction around the world more than doubled.
Executive Viewpoint: Excelerate Energy sees huge new-market potential for FSRUs
-Cal Bancroft
Excelerate Energy is a pioneer and market leader in floating LNG regasification solutions.
Executive Viewpoint: Midstream seeks cost-effective, “fit-for-purpose” solutions amid downturn
-Gregory L. Hall
BCCK Holding encompasses BCCK Engineering Inc., an international natural gas engineering company specializing in nitrogen rejection, nitrogen rejection for landfill gas, NGL recovery, CO2 removal, helium recovery, skidded LNG plants and oxygen removal.
Regional Focus: The role of small-scale LNG in Russia’s energy agenda
-Lorenzo Micucci, John Motta
A number of factors are challenging Russia’s position in the energy markets: the change in the global natural gas landscape, the abundance of gas, expanding LNG trade, and the increased interconnectivity among pipeline systems that makes possible reverse flows.


GasPro 2.0: A Webcast Symposium

View On-Demand

Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.

October 21, 2020 08:30 AM CDT

View On-Demand

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2020 Gulf Publishing Holdings LLC.