Saturday, December 28, 2024

Weekly Gas Storage: Inventories increase by 79 Bcf

Natural Gas Inventories as of May 3, 2024

The EIA has released its natural gas inventory report, showing a net increase of 79 Bcf as of May 3, 2024.

Working gas in storage was 2,563 Bcf as of Friday, May 3, 2024, according to EIA estimates. This represents a net increase of 79 Bcf from the previous week. Stocks were 444 Bcf higher than last year at this time and 640 Bcf above the five-year average of 1,923 Bcf.

At 2,563 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories increase by 79 Bcf- oil and gas 360
Oil and Gas 360

 

Working gas in underground storage, Lower 48 states
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(5/03/23)
5-year average
(2018-22)
Region 5/03/24
4/26/24
net change implied flow Bcf % change Bcf % change
East 454 425 29 29 419 8.4 351 29.3
Midwest 584 564 20 20 492 18.7 424 37.7
Mountain 191 182 9 9 101 89.1 103 85.4
Pacific 246 240 6 6 110 123.6 182 35.2
South Central 1,087 1,073 14 14 995 9.2 862 26.1
   Salt 314 314 0 0 284 10.6 271 15.9
   Nonsalt 773 759 14 14 710 8.9 591 30.8
Total 2,563 2,494 79 79 2,119 21.0
1,923 33.3
Totals may not equal sum of components because of independent rounding.

All regions experienced a net increase, except for Central Nonsalt which had no change.

All regions are above the five-year average..

 

 

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