EIA US natural gas storage report likely to post widest deficit yet for 2022

US natural gas in storage likely expanded at a below-average pace in the final week of May as blistering heat across Texas and the Midcontinent limited injections to inventory, lending further support to the rally in NYMEX gas futures.

The US Energy Information Administration this week is expected to report an 87 Bcf injection to US gas storage for the week ended May 20, according to this week’s survey of analysts by S&P Global Commodity Insights. Responses to the survey were reported in a much wider range this week, with expected injections ranging from just 76 Bcf to as much as 102 Bcf. The EIA plans to release its weekly storage report on May 26 at 10:30 am ET.

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