East Daley Analytics was quoted in Natural Gas Intel.
Following a historically large shoulder season storage injection, and with more triple-digit injections expected before winter, natural gas futures retreated in early trading Friday. The November Nymex contract was down 13.6 cents to $6.836/MMBtu at around 8:40 a.m. ET.
East Daley Analytics said in a recent research note that pipeline flows provide supporting evidence for triple-digit storage builds in the weeks ahead.
“Trunkline continues to flow gas northbound out of the Haynesville, which is atypical at this time of the year,” the firm said. “East Daley assumes these flows are the result of a call to fill storage before winter. This data backs our assumption of 100 Bcf-plus storage builds in the next few weeks.”
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