Saturday, February 22, 2025

Weekly Gas Storage: Inventories decrease by 30 Bcf

Natural Gas Inventories as of November 29, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 30 Bcf as of November 29, 2024.

Working gas in storage was 3,937 Bcf as of Friday, November 29, 2024, according to EIA estimates. This represents a net decrease of 30 Bcf from the previous week. Stocks were 185 Bcf higher than last year at this time and 284 Bcf above the five-year average of 3,653 Bcf.

At 3,937 Bcf, total working gas is within the five-year historical range.

 

Working gas in underground storage, Lower 48 states
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(11/29/23)
5-year average
(2019-23)
Region 11/29/24
11/22/24
net change implied flow Bcf % change Bcf % change
East 914 929 -15 -15 887 3.0 880 3.9
Midwest 1,115 1,134 -19 -19 1,1090 2.3 1,062 5.0
Mountain 289 292 -3 -3 247 17.0 217 33.2
Pacific 310 310 0 0 292 6.2 276 12.3
South Central 1,310 1,301 9 9 1,237 5.9 1,219 7.5
   Salt 362 353 9 9 337 7.4 334 8.4
   Nonsalt 948 948 0 0 901 5.2 884 7.2
Total 3,937 3,967 -30 -30 3,752 4.9
3,653 7.8
Totals may not equal sum of components because of independent rounding.

All regions, except for the East, Midwest, and Mountain regions, experienced a net increase.

All regions are above the five-year average.

Share: