Sunday, June 16, 2019

The Nation's Natural Gas Fill Rate -- This May Be A Record-Setting Year -- June 16, 2019

This is quite incredible: spend some time on this one, from a reader, regarding the nation's natural gas fill rate:
"The 981 billion cubic feet of natural gas that have been added to storage over the past 11 weeks has been the largest injection of gas into storage on record for any similar period this early in the injection season, probably about double the average 11 week build of the past decade, as the 712 billion cubic feet that were added during the same 11 weeks of 2014 was the only year that even appeared close... "
We've become accustomed to triple digit injections, but scanning the recent decade's spreadsheet, I find that in most years we only had one triple digit inventory build all summer, most often in the fall. The only exceptions were 2014 and 2015, and the June curve in 2014 was the only one as steep as the May curve this year ... so we may be on our way to a record year... 
This came in as a comment to the post this past week regarding the NG fill rate