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US Natural Gas Storage Seen Rising 19 Bcf Last Week: Reuters

NATGAS

US natural gas storage likely saw a below average build of 19 bcf in the week to Aug. 9, according to a Reuters survey.

  • The five-year average for this period is a 38 bcf week-on-week build. In 2023, stocks built by 25 bcf over the same period.
  • If correct, that would take US natural gas storage levels to 3,289 bcf, a surplus of around 13.8% over the five-year average. This would be a fall in the surplus from 14.9% the previous week.

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