Sunday, December 22, 2024

Weekly Gas Storage: Inventories decrease by 197 Bcf

Natural Gas Inventories as of January 26, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 197 Bcf as of January 26, 2024.

Working gas in storage was 2,659 Bcf as of Friday, January 26, 2024, according to EIA estimates. This represents a net decrease of 197 Bcf from the previous week. Stocks were 54 Bcf higher than last year at this time and 130 Bcf above the five-year average of 2,529 Bcf.

At 2,659 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories decrease by 197 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
(1/26/23)
5-year average
(2018-22)
Region 1/26/24
1/19/24 net change implied flow Bcf % change Bcf % change
East 605 657 -52 -52 584 3.6 579 4.5
Midwest 727 788 -61 -61 715 1.7 689 5.5
Mountain 185 194 -9 -9 113 39.1 137 35.0
Pacific 223 228 -5 -5 141 58.2 199 12.1
South Central 919 990 -71 -71 1,031 -10.9 925 -0.6
   Salt 248 269 -21 -21 299 -17.1 279 -11.1
   Nonsalt 672 721 -49 -49 732 -8.2 646 4.0
Total 2,659 2,856 -197 -197 2,605 2.1
2,529 5.1
Totals may not equal sum of components because of independent rounding.

All regions experienced a net decrease.

All regions are above the five-year average, except for the South Central Salt region.

 

 

Share: