US gas stocks are set to fall below their five-year average by the end of the summer, increasing the risk of regional supply tightness during the winter.
Gas demand in the US is expected to fall on an annual basis in 2017, but so is the country’s gas production. The impact of this has been evident on the US storage situation so far in the 2017 gas injection season. The US had 86 bcm of gas in storage for the week ending 4 August, which was 8.3% below the level seen during the same week in 2016 and 2% above the five-year average. This was equivalent to 64% of working gas capacity. US gas stocks were 14.6% higher than the five-year average at the start of the injection season, which highlights the closing gap.
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up