Total supply was up slightly for the week despite flat dry gas production. According to Bentek estimates, the week’s average total natural gas supply posted a 0.2 percent increase from last week’s level, led by a 2.0 percent increase in imports from Canada, which averaged 5.1 Bcf per day over the period. Imports from Canada stand 9.2 percent above year-ago volumes for the same week. There was also a 10.9 percent increase in supply of liquefied natural gas (LNG) during the week, with sendout averaging 370 MMcf per day; however, sendout volumes remain 67.8 percent below year-ago levels. Anchoring these supply gains was another week of essentially flat domestic dry gas production which averaged 63.6 Bcf per day, unchanged from the previous week and 3.6 percent above this time last year.
Working natural gas in storage increased to 2,744 Bcf as of Friday, May 18, according to EIA's WNGSR. This represents a net injection of 77 Bcf from the previous week. This week’s injection was 20 Bcf lower than the 5-year (2007-2011) average injection for the same week. During the same week last year, the implied net injection was 101 Bcf. Working inventories are currently 750 Bcf (38 percent) greater than their year-ago levels and 753 Bcf (38 percent) greater than the 5-year average.
All three storage regions posted increases this week. Inventories in the East, West, and Producing Regions increased by 45 Bcf, 13 Bcf, and 19 Bcf, respectively. In the Producing Region, working natural gas inventories increased 19 Bcf in salt cavern facilities and remained at the previous week’s level in nonsalt cavern facilities.
Temperatures in the lower 48 States during the week ending May 17 were 2.6 degrees warmer than the 30-year normal temperature and 4.9 degrees warmer than the same period last year. The average temperature in the lower 48 States was 64.3 degrees, 2.6 degrees higher than the 30-year normal of 61.7 degrees. While overall temperatures were a few degrees warmer than normal, temperatures varied somewhat across Census Divisions. The Mountain and Pacific Regions in the West were relatively warm, averaging 5.1 and 4.7 degrees, respectively, warmer than the 30-year normal. In the South, the West South Central Region was 1.7 degrees cooler than the 30-year normal, while the South Atlantic and East South Central Regions were 2.1 and 0.9 degrees, respectively, warmer than the 30-year normal.