For the week ending May 26th, EIA announced an 81 Bcf net change, against expectations in the low 70’s. Four Bcf of gas in the Mountain region was reclassified from working gas to base gas, which resulted in an implied flow of 85 Bcf.
EIA Natural Gas Storage Data:
- Total (05/26/17): 2,525 Bcf (Reclassification)
- Total (05/19/17): 2,444 Bcf
- Net change: 81 Bcf
- Implied flow: 85 Bcf (Reclassification)
- Year ago stocks: 2,895 Bcf
- % change from year ago: -12.8 %
- 5-year avg stocks: 2,300 Bcf
- % change from 5-year avg: 9.8 %
