Rare summer net storage draw, natural gas… Today in Energy

August 8, 2016 by Jim Colburn Leave a Comment

From the EIA’s excellent “Today in Energy:

“Working natural gas storage inventories posted a rare summer net withdrawal of 6 billion cubic feet (Bcf) for the week ending July 29, 2016, according to EIA’s Weekly Natural Gas Storage Report. Record-high consumption of natural gas for electric power generation drove this withdrawal. Although withdrawals in the summer are not unprecedented, and happen regularly in the South Central storage region, the last time a net withdrawal in July occurred on a national basis was in summer 2006. This net withdrawal brings total inventories to 3,288 Bcf, or about 16% higher than the previous five-year average (2011–15).”

Here is the chart:

The link is here: http://www.eia.gov/todayinenergy/detail.cfm?id=27412#

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