SummaryWorking gas in storage was 2,557 Bcf as of Friday, June...

Summary

Working gas in storage was 2,557 Bcf as of Friday, June 12, 2009, according to EIA estimates. This represents a net increase of 114 Bcf from the previous week. Stocks were 622 Bcf higher than last year at this time and 472 Bcf above the 5-year average of 2,085 Bcf. In the East Region, stocks were 102 Bcf above the 5-year average following net injections of 73 Bcf. Stocks in the Producing Region were 269 Bcf above the 5-year average of 716 Bcf after a net injection of 28 Bcf. Stocks in the West Region were 102 Bcf above the 5-year average after a net addition of 13 Bcf. At 2,557 Bcf, total working gas is above the 5-year historical range.


Note:

Bloomberg reports that analysts are expecting a build of 105 bcf in Natural Gas Inventories during the week ending June 12 (last year natural gas saw a build of 57 bcf); analyst estimates range from a build of 97 bcf to a build of 113 bcf (16 out of 16 analysts are expecting a build); 4 week average is a build of 108 bcf; last week inventories rose 106 to 2443 bcf.