EIA Says NatGas in Storage Will Hit Record High Later This Year

Last week MDN told you that our favorite government agency, the U.S. Energy Information Administration, predicts natural gas production from the country’s seven largest shale plays will decrease in March (see EIA: Shale NatGas Production Declines First Time in 39 Months). The trend has reversed and is now heading in the downward direction. Yet this week the same EIA published a post to say natural gas inventories (i.e. storage) will reach a record high later this year. Less production but more storage? How does that work??

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