working natural gas

T

trader198

what working natural gas means?: price will increase? sortof confusing with net injection(demand)
what storage natural gas means?: mean

the only thing so far I understand is net injection/withdrawal. hard to comprehend the inventory report. I trade NG lot, but want to have a better idea on fundemental situtaion.

I am not trading blindly or purely technically.
 
The basics of underground natural gas storage
Base gas (or cushion gas) is the volume of gas intended as permanent inventory in a storage reservoir to maintain adequate pressure and deliverability rates throughout the withdrawal season.

Working gas capacity refers to total gas storage capacity minus base gas.

Working gas is the volume of gas in the reservoir above the level of base gas. Working gas is available to the marketplace.
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Working gas is the available supply to the continental US; but does not necessarily include gas in the pipeline system. Basically, working gas is everything between base gas and the line pack.
 
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