Decreasing natural gas price seasonality keeps inventories in April at 11-year low Natural gas net storage injections for the Lower 48 totaled 82 billion cubic feet (Bcf) for the week ending on April 25. This was the fourth consecutive week of net storage injections, which this year began in the week ending on April 4. Over this period, cumulative net injections totaled 163 Bcf, a 53% increase when compared to the same weeks in 2013, but only 8% above the 5-year average for these weeks of 151 Bcf . Total Lower 48 working inventories totaled 981 Bcf, an 11-year low. This was well below the 2009-13 minimum for that week of 1,716 Bcf, as can be seen from the storage graph below this article. It is also the latest point in the year that inventories have remained below 1,000 Bcf since 2003. Despite a steady increase in natural gas […]