The Energy Information Administration released their weekly report.
The Pacific Region has pushed above year ago levels and is nearing the 5 year average.
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| EIA.GOV, via SNL Energy |
Now for a look at The European Union and United Kingdom.
[The reason for this observation is LNG, which has introduced the prospect of U.S. Natural Gas prices being affected by global demand for LNG. The EU and UK serve as a benchmark for these demand issues.]
Data from the Aggregated Gas Storage Inventory report...
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The overall EU pct. slipped since last week, but the volume in storage increased, as capacity increased.
While the EU as a whole, has approximately 100 days of supply, it should be noted that days supply varies greatly within the individual countries.
Prices edged up in the EU and UK.
U.S. Henry Hub finished the week down -3¢.
Both TTF (Dutch) and UKG remain approximately double historical norms. Henry Hub is running about 2/3 of those norms.
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