Mind the Gap: Widening Natural Gas Storage Deficits Create Urgent Summer Challenge
After back-to-back warm winters, this year’s brutally cold showing has rapidly depleted Lower 48 natural gas inventories, flipping them from surplus to deficit and creating a challenging outlook for the upcoming injection season.
With storage now sitting below five-year averages and record LNG exports consuming more supply, the market faces a steeper climb to rebuild stocks amid caution by producers to bring on more supply. A hot summer could siphon gas away from injections to make the task harder.
NGI’s Leticia Gonzales, managing director of North American natural gas pricing, and senior…
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