US Natural Gas Inventories Seen Rising by 81 Bcf as Output Climbs
US natural gas storage is projected to build by 81 billion cubic feet while production reached 113.4 bcf/d, up 5.7% year over year. LNG export flows also increased, with cold weather still a potential volatility trigger.
US natural gas storage is expected to increase by 81 billion cubic feet, according to the report cited in the post. The projected build comes as domestic production reached 113.4 bcf/d, up 5.7% compared with the same period a year earlier.
LNG export flows also increased, providing an additional demand channel for US gas. The combination of stronger production and higher export activity leaves the market balancing supply-side pressure against external demand.
Market participants are watching for potential cold spells, which could trigger price volatility even with rising inventories.
Source: First Squawk