March 2021, Vol. 248, No. 3
Features
Gas Storage Ups and Downs
By Danielle C. Roberts, P&GJ Contributor When a nor’easter hammered the U.S. in late 2020, dumping a foot of snow over much of the region and depressing temperatures even in the South and Southwest, it netted a steep withdrawal of 152 Bcf (4.3 Bcm) natural gas storage for the week ending December 18. “I don’t know how” a 152-Bcf pull vs. a 159-Bcf (4.5 Bcm) market expectation “crushes natural gas prices,” said one participant on The Desk’s online energy platform Enelyst. “Amazing.” That kind of amazement isn’t typical in the natural gas storage market. But coming off a year that was anything but typical, it’s no surprise that gas storage – a key indicator of natural gas prices and
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