The US Energy Information Administration (EIA) has reported the first recorded net natural gas injection during a week in February since weekly storage data has been collected.
The EIA is attributing the result to warmer than normal weather throughout much of the US.
For the week ending 24 February 2017, the amount of natural gas in storage in the Lower 48 states increased 7 billion ft3. While some weeks during March in previous years had recorded injections, net injections of natural gas into storage do not typically occur until at least April.
The EIA notes that the net injection of 7 billion ft3 during the week ending 24 February was extremely rare. Based on data from 2010 to 2016, weekly changes during the month of February ranged from a net withdrawal of 48 billion ft3 to a net withdrawal of 243 billion ft3. Previously, the earliest net injection of the calendar year occurred during the week ending 16 March 2012.
Read the article online at: https://www.tanksterminals.com/special-reports/10032017/eia-us-natural-gas-injection-in-february/