The EIA Weekly Natural Gas Storage Report for March 31, 2011 indicates that U.S. natural gas inventories recorded an inventory injection of 12bcf for the week ended March 25, 2011.
This natural gas inventory build is in contrast with analyst forecasts and estimates of a slight inventory drawdown
Working gas in storage was 1,624 Bcf as of Friday, March 25, 2011, according to EIA estimates. This represents a net increase of 12 Bcf from the previous week. Stocks were 12 Bcf less than last year at this time and 68 Bcf above the 5-year average of 1,556 Bcf. In the East Region, stocks were 39 Bcf below the 5-year average following net withdrawals of 7 Bcf. Stocks in the Producing Region were 133 Bcf above the 5-year average of 607 Bcf after a net injection of 25 Bcf. Stocks in the West Region were 26 Bcf below the 5-year average after a net drawdown of 6 Bcf. At 1,624 Bcf, total working gas is within the 5-year historical range.