Thursday, June 21, 2012
Register for the complimentary storage webinar now.
BENTEK’s Natural Gas Storage Outlook reports the U.S. natural gas inventory surplus is currently at 645 Bcf, dropping 282 Bcf from the five-year high reached at the start of injection season. With the first real heat wave of the season sweeping across the U.S. this week, natural gas demand from power continues to climb, reducing the storage surplus.
The inventory surplus is expected to continue decreasing through the peak summer demand months of July and August, but the return of nuclear generation, coal stockpile limits and the need for baseload coal generation will challenge gas burn market share. BENTEK reports these summer demand levels cannot be sustained through the fall and will lead to sub-$2.00 prices as demand declines and storage inventories approach capacity.
BENTEK will address U.S. natural gas storage in an upcoming webinar hosted by Platts:
BENTEK Topic: U.S. Storage Update
Date: June 27, 2012
Time: 1:00 p.m. EST
Speaker: Gavin Roberts, BENTEK Energy Analyst
BENTEK will address the following topics in this webinar:
• State of U.S. Natural Gas Prices and Storage Levels
• Storage Outlook for the Balance of 2012
• Power Demand Impact on Summer Season Injection Rates
BENTEK’s Natural Gas Storage Outlook is published every Tuesday and offers a running U.S. storage estimate, forecasts the weekly EIA number using activity reported by more than 75% of all storage operators. This report includes the previous year and five-year storage averages as well as regional fill analysis.
ALSO AVAILABLE FROM BENTEK:
BENTEK's U.S. Power Burn Report provides a daily resource for U.S. gas demand in the power sector, including in-depth regional power burn analysis. This report provides year-on-year power burn demand comparisons, as well as 14-day regional demand forecasts.
With its industry-leading view of production, imports, demand and storage, BENTEK’s Supply/Demand Balance is a must-read report for anyone following the day-to-day natural gas market. This report provides the daily natural gas supply/demand balance for the U.S., plus market insights about price trends, breaking news, pipeline outages and major industry developments.
To learn more, please contact your BENTEK sales representative or call BENTEK Sales at 1-888-251-1264.