US natural gas inventories rise 66 bcf - EIA

17 September 2009 17:43  [Source: ICIS news]

HOUSTON (ICIS news)--Domestic natural gas inventories rose by 66 bcf last week, the US Energy Information Administration (EIA) said on Thursday.

With total stocks at 3,458 bcf, US underground natural gas supplies continued climbing to record-setting levels during the week ended 11 September.

Storage was 16.7% above last year's level at the same time and 16.4% higher than the five-year average, according to EIA figures.

Natural gas futures on the NYMEX dropped 10.8 cents to $3.652/MMBtu in early session trading.

Natural gas is a major feedstock and power fuel for the US petrochemicals industry and downstream chemicals manufacturers.

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By: Steven McGinn
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