Natural gas deliveries up from previous report week

Weekly net natural gas deliveries were up from the previous week. The U.S. Energy Information Administration (”EIA”) reported that U.S. natural gas inventories increased by 25 billion cubic feet (”Bcf”) for the week ended October 23, 2009 (prevvious week was an increase of 18 Bcf)  bringing the amount of natural gas in storage to 3,759 Bcf.  Natural gas inventories were 373 Bcf higher than last year at this time and 414 Bcf above the 5-year average of 3,345 Bcf. Analysts polled by Platts expect an addition of between 27 and 31 billion cubic feet

 

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s