This week’s natural gas storage report is out, and working gas in storage was up a bit from last week’s report, reaching 2,941 billion cubic feet, 96 Bcf greater than last week’s report. Stocks were 297 Bcf less than the year-ago period but still 20 Bcf above the five-year average of 2,921 Bcf.
The total working gas at 2,941 Bcf is within the five-year average. The Energy Information Administration also recently released data that showed natural gas imports have fallen greatly over the past two years as domestic production ramps up. From 2011 to 2012, gas imports declined by 23 percent, and in the first 5 months of 2013 alone, imports have fallen 22 percent.