U.S. Natural Gas Weekly – March 18, 2011

March 18th, 2011 by Belisarius

(For The Week Ending March 11, 2011)

Working gas in storage fell 56 Bcf from previous week. The consensus was at 42 Bcf.

Storage level is 3 Bcf higher than same time year ago.

Japanese nuclear disaster could be a game changer for natural gas as LNG cargoes bound for the U.S. could be diverted to Japan. This could clear the oversupply glut.

 

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