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Lower 48 weekly gas injection of 65 Bcf beats analyst expectations

Aug 02, 2019 - SNL Energy Finance Daily

Natural gas storage operators put a net 65 Bcf into Lower 48 inventories in the week to July 26, above the five-year-average build of 37 Bcf, the U.S. Energy Information Administration reported.

The injection, which topped a 52-Bcf build forecast by an S&P Global Platts analyst survey, brought total Lower 48 working gas supply to 2,634 Bcf, or 334 Bcf above the year-ago level and 123 Bcf below the five-year average.

By region:

* In the East, stockpiles grew 22 Bcf on the week a...