EIA NG STORAGE REPORT | April 23, 2009

+46 bcf

EIA NG STORAGE REPORT US natural gas inventories grew by 46 bcf for the week ending Apr 17, in line with the market consensus of a 45 bcf build. Total storage now stands at 1.74 tcf and the y-o-y surplus grew to 459 bcf. Although the build was in line with consensus, the report reiterates the general oversupply of the US natural gas market. Total US: +46 (Bloomberg survey median +45) East: +17 West: +6 Producing: +23 At 1.74 tcf, US gas inventories are now just 64 bcf below the prio.....