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Storage Build Beats Expectations, Sending Natural Gas Futures Reeling

Natural Gas Intelligence · last updated

August Nymex natural gas futures sank lower Thursday after a heavier-than-expected storage build pointed to solar and coal generation stealing market share from gas during last week’s record-breaking heat.

Natural Gas Intelligence's (NGI) U.S. Energy Information Administration natural gas storage chart.

At A Glance:

  • EIA reports 55 Bcf injection
  • Golden Pass eyes October startup
  • Production near 106 Bcf/d