Friday, November 22, 2024

Weekly Gas Storage: Inventories increase by 69 Bcf

Natural Gas Inventories as of November 1, 2024

The EIA has released its natural gas inventory report, showing a net increase of 69 Bcf as of November 1, 2024.

Working gas in storage was 3,932 Bcf as of Friday, November 1, 2024, according to EIA estimates. This represents a net increase of 69 Bcf from the previous week. Stocks were 157 Bcf higher than last year at this time and 215 Bcf above the five-year average of 3,717 Bcf.

At 3,932 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
(11/01/23)
5-year average
(2019-23)
Region 11/01/24
10/25/24
net change implied flow Bcf % change Bcf % change
East 934 919 15 15 924 1.1 912 2.4
Midwest 1,130 1,109 21 21 1,104 2.4 1,093 3.4
Mountain 290 291 -1 -1 254 14.2 224 29.5
Pacific 310 305 5 5 284 9.2 280 10.7
South Central 1,267 1,240 27 27 1,208 4.9 1,208 4.9
   Salt 341 331 10 10 313 8.9 318 7.2
   Nonsalt 926 909 17 17 895 3.5 890 4.0
Total 3,932 3,863 69 69 3,775 4.2
3,717 5.8
Totals may not equal sum of components because of independent rounding.

All regions, except for the Mountain region, experienced a net increase.

All regions are above the five-year average.

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