Increased Gas Production Could Ease Storage Deficit

Posted November 5, 2014 at 5:00am

The Pittsburgh Post-Gazette reports that “heading into the colder months, inventories of natural gas are down compared to last year.”  

“Natural gas in storage was 3,480 billion cubic feet (Bcf) as of Oct. 24, according to the U.S. Energy Information Administration’s weekly report released Thursday.”  

“While that figure is a net increase of 87 Bcf from the previous week, it was 294 Bcf less than last year and 310 Bcf below the five-year average of 3,790 Bcf, according to EIA estimates.”