Saturday, November 23, 2024

Weekly Gas Storage: Inventories increase by 80 Bcf

Natural Gas Inventories as of October 18, 2024

The EIA has released its natural gas inventory report, showing a net increase of 80 Bcf as of October 18, 2024.

Working gas in storage was 3,785 Bcf as of Friday, October 18, 2024, according to EIA estimates. This represents a net increase of 80 Bcf from the previous week. Stocks were 106 Bcf higher than last year at this time and 167 Bcf above the five-year average of 3,618 Bcf.

At 3,785 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
(10/18/23)
5-year average
(2019-23)
Region 10/18/24
10/11/24
net change implied flow Bcf % change Bcf % change
East 901 893 8 8 905 -0.4 884 1.9
Midwest 1,088 1,067 21 21 1,068 1.9 1,056 3.0
Mountain 291 287 4 4 251 15.9 223 30.5
Pacific 300 293 7 7 282 6.4 281 6.8
South Central 1,205 1,166 39 39 1,173 2.7 1,174 2.6
   Salt 314 293 21 21 295 6.4 298 5.4
   Nonsalt 891 872 19 19 879 1.4 876 1.7
Total 3,785 3,705 80 80 3,679 2.9
3,618 4.6
Totals may not equal sum of components because of independent rounding.

All regions experienced a net increase, except for the Pacific region with no change.

All regions are above the five-year average.

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