In the United States predict a record low level of gas reserves in underground gas storages for the winter

© AP Photo / Joerg SarbachГазовое storage. Archival photoIn the United States predict a record low level of gas reserves in underground gas storages for the winter© AP Photo / Joerg Sarbach

Association of suppliers of gas (National Gas Supply Association — NSGA) predicts the lowest since 2005, the level of natural gas reserves in underground gas storages (UGS) of the United States by the beginning of winter.

«The industry intends to finish pumping natural gas this season (early winter season) at the level of 3.3 trillion cubic feet (93 billion cubic meters) of gas in underground storage — at the lowest level, starting in 2005 and for the period of the shale era. Predicted load will put additional pressure on the cost of gas,» — said in its winter forecast, the industry Association said Wednesday on its website.

Thus, according to the forecast, total consumer demand will be more than 102 billion cubic feet (2.8 billion cubic meters) per day. «Although this is a record amount of winter demand, it is only 3% more than the winter of 2017-2018. It is therefore expected that the demand will have neutral pressure on natural gas prices», — added in forecast.

There’s also clarifies that the supply of gas from manufacturers will grow by 7 billion cubic feet per day (200 million cubic meters) due to increased production.

«It is expected that the projected 10% increase in production in the winter will reduce the pressure on natural gas prices», — added in the review.

It also says that «in combination with natural gas imports from Canada (these supplies) is sufficient to meet record winter demand.»

Thus, in the past year due to the fact that the infrastructure of the United States could not cope with the demand of consumers for gas due to too cold winter, the country was forced to buy natural gas from abroad. In particular, two shipments of LNG arrived at the port of Boston with the «Yamal LNG» NOVATEK.

The heads of the major oil and gas companies in the U.S. in the course of numerous discussions, it was recognized that the problem was not lack of gas, and the limitations imposed on producers the infrastructure, and the inability to quickly transfer fuel to other coast of the country at the already congested pipelines.

About infrastructure problems in the U.S. gas industry was calculated US President Donald Trump and the head of the US Department of energy Rick Perry.

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