Natural gas in underground storage to could continue filling at an above-average pace throughout the remainder of the summer in nearly all regions, keeping prices down at multiple hubs across the US. Since the beginning of this year’s injection season, Northeast storage facilities have posted substantial weekly inventory builds, largely erasing running inventory deficits relative to historical averages. This has been aided both by strong regional production and weak seasonal demand and comes despite dismal seasonal spreads that traditionally provide the price signal to inject now and withdraw later. Starting with Week 14 of this year, and extending through the most recent Week 25, both the Dominion Transmission and Columbia Gas Transmission systems have seen storage inventories rise at […]