Weekly Natural Gas EIA Storage Report for April 23rd

Weekly Natural Gas EIA Storage Report for April 23rd

Here are the latest details from the U.S. Energy Information Administration regarding natural gas inventories.

The working natural gas inventories in Europe at the end of March 2021 are reported to be the third-lowest known in 11 years of publicly available storage data, with the lowest reported level for the end-of-season for March noted in 2018, at 620 bcf.

Working natural gas inventories in Europe as of March 31, 2021 (the traditional end of the winter heating season) summed up to 1,087 bcf (31% capacity), based on data from Gas Infrastructure Europe (GIE). This year’s end-of-season inventories from Europe were 11% (133 bcf) lower than the previous five-year (2016‒2020) average and 44% lower than the record-high storage levels from 2020.

Europe’s natural gas inventories entered the winter heating season in November 2020 at a 95% capacity - the second-highest end-of-injection season storage level in Europe in more than a decade—but declined in January and February 2021 because of intense periods of cold weather.

As the European natural gas pipeline grid is not fully integrated between northern and southern parts, countries rely on domestic natural gas storage and LNG imports to meet demand, especially in the winter.

Domestic natural gas storage in several countries quickly got depleted, so additional flexible natural gas supplies, including imports of liquefied natural gas, were needed to meet demand. LNG imports in Europe have been increasing since February 2021, according to the GIE reports.The US played a major role in supplying the recent increase in LNG imports to Europe, being the world’s largest supplier of flexible LNG volumes.

Sources: eia.gov

Le informazioni contenute nel presente documento sono redatte da CAPEX.com e non costituiscono né devono essere interpretate come suggerimenti di investimento. Le informazioni di cui al presente documento costituiscono comunicazioni di marketing generali a scopo informativo e, in quanto tali, non sono state preparate nel rispetto dei requisiti di legge che promuovono le ricerche di investimento indipendenti. Inoltre, non sono soggette ad alcuna limitazione sulle transazioni condotte in anticipo rispetto alla divulgazione delle ricerche di investimento in questione.

Gli utenti / lettori non dovrebbero fare affidamento esclusivamente sulle informazioni qui presentate e dovrebbero fare le proprie ricerche / analisi anche leggendo la ricerca reale sottostante. Il contenuto è generico e non tiene conto di circostanze personali individuali, esperienza di investimento o situazione finanziaria attuale.

Pertanto, Key Way Investments Ltd non accetta alcuna responsabilità per eventuali perdite di trader a causa dell'uso e del contenuto delle informazioni presentate nel presente documento. Le performance passate non sono un indicatore affidabile dei risultati futuri.