Breakdown: U.S. Natural Gas Storage Hits 4 Tcf For The First Time Ever In New Report Format
Yesterday (November 19, 2015) the Energy Information Administration (EIA) published its first official weekly natural gas storage report in its new five-region format indicating an injection of 15 Bcf over the past week for a total U.S. inventory of exactly 4 Tcf. The new methodology and reporting format is a vast improvement in the granularity and clarity of government natural gas storage inventory data. But it also potentially moves the target for the slew of industry analysts who lose sleep trying to predict it each week. How the changes impact EIA inventory data and the ability of analysts to predict that data will become clearer in the coming weeks and months. But we got more clues this week as the EIA released dual versions of last week’s report on Monday showing significant differences leading up to launch of the new report on Thursday. Today we compare the results of the old versus new methodology.
