Big Story: Natural Gas Storage In North America

Updates

September 9, 2014: From the DNR message board today:

I looked at an interesting report on natural gas supply/demand to 2020.

New England supply has gone from 5bcf/d in 2012 to projected 32bcf/d in 2020. Pipes don't catch up with supply until 2017.

But project 90bcf/d supply in 2020 and 5bcf/d potential shortage.

The rest of the country demand is growing 3x the supply growth in the New England.

Be sure to the NG_Fill_Rate tag at the bottom of the blog.

Original Post

From the Berry Petroleum message board:

With Canadian NG storage hovering just above 120 Bcf after consuming nearly 500 Bcf this past winter, average injection season additions will have to be at least 30% greater than last year to reach 5 year average end of injection season storage.

I don't see the Canadians exporting much NG to the USA this year . If Canadian storage doesn't fill at record pace and we have another cold winter in 2014-15 Canada would be in negative storage territory come late winter.

It is just very possible that a profound shortage of natural gas next winter in North America could be "the" big story.

I track "big stories" here.