LONDON, Sept 16 (Reuters) – demand for gas from domestic generators as well as customers in Europe and Asia scrambling for replacement supplies following Russia’s invasion of Ukraine. Working inventories in underground storage amounted to 2,771 billion cubic feet on Sept. 9, the second-lowest for the time of year since 2010, according to data from U.S. Energy Information Administration (EIA). Storage has been below the pre-pandemic five-year average continuously since late January and the deficit has shown no sign of closing despite prices well above long-term averages. Inventories are currently 398 billion cubic feet below the pre-pandemic average, compared with a deficit of 316 bcf at the start of the injection season on April 1 (“Weekly natural gas storage report”, EIA, Sept. 15). Electricity generation is on track for a record this year as a result of the economy’s recovery from […]