Working natural gas in storage ended October at 3,571 bcf, a record increase of 2,734 bcf during the Apr. 1-Oct. 31 injection season, and within 7% of the average of the last five end-of-season storage levels, according to data from the US Energy Information Administration . “While end-October natural gas stocks are at a 5-year low, increased natural gas production, which has reached an all-time high, and new pipeline projects will help meet winter natural gas demand,” EIA said. As of August, dry gas production was 3.5 bcfd higher compared with the same month a year ago. Even if this winter were as cold as last year, EIA expects that gas storage at the end of March 2015 will be above its March 2014 level, largely because of the gains in US gas production. After a prolonged and severe winter, inventories by […]