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Natural Gas Storage Flows


       
  6 Months   1 Year   3 Years   Max
Last update: February 20, 2019, 6:42 EST
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Description

Natural Gas Storage Flows chart shows the change in the underground storage (inventory) compared to the previous year and 5-year average flows. The chart also displays our long-term storage forecast (10 weeks / 11 EIA reports - pale blue column). Every Friday, the forecast is extended by one week.

Historical data is available from January 8, 2010.

The chart is interactive. You can click on any series in the legend to hide/show the data. You can also click on the chart and drag out a specific area you wish to zoom. Alternatively, use calendar filter to select a specific data range. Also, to print or download the chart, click on the "menu" button in the top right corner of the chart.

Update: every weekday + Sunday afternoon.

Source: U.S. Energy Information Administration, Bluegold Research estimates and calculations

Traders' Note

Natural gas storage is used to balance seasonal fluctuations in production and consumption. The greatest fluctuations in U.S. natural gas consumption are in the residential and commercial sectors, where natural gas is used as a heating fuel. Across all sectors, U.S. consumption of natural gas during winter months tends to be about 30% to 35% higher than in the spring and fall months, when temperatures are relatively mild.

The natural gas industry considers two seasons in storage operation–the withdrawal season, from November 1 through March 31; and the injection season, from April 1 through October 31. Natural gas is withdrawn from storage facilities throughout the United States during times of high demand and injected into storage facilities during times of low demand.

As a rule, the bulls want to see small injections and large draws (relative to historical norm), so that total natural gas stocks remain below 5-year average and trend down. On the contrary, the bears want to see large injections and small draws (relative to historical norm), so that total natural gas stocks remain above 5-year average and trend up.

Related charts: Natural Gas Storage Inventory, Storage Level Deviations.  

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