Thursday, November 28, 2024

Weekly Gas Storage: Inventories decrease by 161 Bcf

Natural Gas Inventories as of December 20, 2019

The EIA has released its natural gas inventory report, showing another build of 161 Bcf as of December 20, 2019.

Working gas in storage was 3,250 Bcf as of Friday, December 20, 2019, according to EIA estimates. This represents a net decrease of 161 Bcf from the previous week. Stocks were 518 Bcf higher than last year at this time and 69Bcf above the five-year average of 3,319 Bcf.

At 3,250 Bcf, total working gas is within the five-year historical range.

Weekly Gas Storage: Inventories decrease by 161 Bcf- oil and gas 360
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Working gas in underground storage, Lower 48 states
Historical Comparisons
Stocks
billion cubic feet (Bcf)
Year ago
(12/20/18)
5-year average
(2014-18)
Region 12/20/19 12/13/19 net change implied flow Bcf % change Bcf % change
East 796 838 -42 -42 678 17.4 782 1.8
Midwest 923 973 -50 -50 821 12.4 938 -1.6
Mountain 177 186 -9 -9 150 18.0 186 -4.8
Pacific 260 273 -13 -13 224 16.1 295 -11.9
South Central 1,094 1,142 -48 -48 858 27.5 1,118 -2.1
   Salt 309 319 -10 -10 272 13.6 329 -6.1
   Nonsalt 786 823 -37 -37 586 34.1 789 -0.4
Total 3,250 3,411 -161 -161 2,732 19.0 3,319 -2.1
Totals may not equal sum of components because of independent rounding.

All regions experienced a net increase this week.

Stocks in every region except the East, are below the five-year average.  The Pacific region is the farthest below the five-year average, at 11.9% below the average.

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