US natural gas storage up 76 Bcf w-o-w

U.S. underground natural gas stocks rose by 76 billion cubic feet (Bcf) in the week ending September 27, Kallanish Energy learns from the U.S. Energy Information Administration (EIA).

The weekly build brought total natural gas storage volumes to 3,756 Bcf, which is 14.3%, or 471 Bcf, above the same period last year. Stocks are also 12.1% or 405 Bcf higher than the five-year average of 3,351 Bcf.

As the Covid-19 pandemic dents demand for natural gas and liquefied natural gas (LNG) domestically and abroad, inventories are expected to end the refill season above the five-year average.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects.

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