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EIA: Storage Injections Running Behind Last Year
At the halfway point through the injection season, working natural gas inventories for the Lower 48 states as of July 15 were about 7.4% below the level for the same period last year due to more nuclear outages and increased air conditioning use resulting from warmer-than-normal weather, the Energy Information Administration (EIA) said.
The EIA estimates that 2.6 Tcf has been injected so far during the injection season, which began on April 1 and will run through Oct. 31, compared to 2.9 Tcf for the same period in 2010 and the five-year average of about 2.7 Tcf.
Despite the shortfall, the EIA projects that end-of-season gas inventories will be 3,819 Bcf, or just 28 Bcf less than last year’s all-time record. “Based on inventory levels as of July 15, this projected end-of-season level implies a net average injection of 74.5 Bcf per week, or 10.6 Bcf/d for the remainder of the year,” the agency said.
In both the East and West regions, the current volume of working natural gas in storage is trailing last year’s volume: 8.5% to 1.3 Tcf and 20.1% to approximately 400 Bcf, respectively. During the same period last year, nearly 1.5 Tcf of working gas had been injected in the East region, and 500 Bcf had been injected in the West region, according to the EIA. Storage injections in the Producing region have increased by about 0.4% to 1 Tcf so far this year, the EIA said.
Relative to the five-year average (2006-2010), current inventories in the East and West regions are 8.3% and 6.7% lower, respectively, whereas the Producing region stocks are 9.3% higher.
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