US natural gas storage fields injected just above the five-year average for the week ended May 28, but below-normal builds are expected in the weeks ahead as gas-fired power generation accelerates and LNG exports outpace June expectations. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Storage inventories increased 98 Bcf to 2.313 Tcf, the US Energy Information Administration reported June 3. The build proved greater than the 87 Bcf addition expected by an S&P Global Platts’ survey of analysts, but just above the five-year average build of 96 Bcf, according to EIA data. It was the second consecutive week the injection was more than most market expectations. Storage volumes now stand at 386 Bcf, or 41%, less than the year-ago level of 2.699 Tcf, and 61 Bcf, or 2.6%, less than the five-year average of 2.374 Tcf. The NYMEX Henry Hub July contract dipped 2 […]