Natural Gas Inventories as of February 16, 2024
The EIA has released its natural gas inventory report, showing a net decrease of 60 Bcf as of February 16, 2024.
Working gas in storage was 2,470 Bcf as of Friday, February 16, 2024, according to EIA estimates. This represents a net decrease of 60 Bcf from the previous week. Stocks were 265 Bcf higher than last year at this time and 451Bcf above the five-year average of 2,019 Bcf.
At 2,470 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 (2/16/23) |
5-year average (2018-22) |
|||||||||||||||||||||||
| Region | 2/16/24 |
2/09/24 | net change | implied flow | Bcf | % change | Bcf | % change | |||||||||||||||||
| East | 505 | 532 R | -27 | -27 | 482 | 4.8 | 449 | 12.5 | |||||||||||||||||
| Midwest | 631 | 662 | -31 | -31 | 579 | 9.0 | 528 | 19.5 | |||||||||||||||||
| Mountain | 173 | 178 | -5 | -5 | 107 | 61.7 | 109 | 58.7 | |||||||||||||||||
| Pacific | 217 | 222 | -5 | -5 | 110 | 97.3 | 170 | 27.6 | |||||||||||||||||
| South Central | 944 | 936 | 8 | 8 | 927 | 1.8 | 764 | 23.6 | |||||||||||||||||
| Salt | 278 | 271 | 7 | 7 | 262 | 6.1 | 218 | 27.5 | |||||||||||||||||
| Nonsalt | 666 | 665 | 1 | 1 | 665 | -0.2 | 546 | 22.0 | |||||||||||||||||
| Total | 2,470 | 2,530 | -60 | -60 | 2,205 | 12.0 |
2,019 | 22.3 | |||||||||||||||||
| Totals may not equal sum of components because of independent rounding. | |||||||||||||||||||||||||
R=Revised
The reported revision caused the stocks for February 09, 2024 to change from 2,535 Bcf to 2,530 Bcf. As a result, the implied net change between the weeks ending February 02 and February 09 changed from -49 Bcf to -54 Bcf.
All regions experienced a net decrease, except for the South Central, South Central Salt and, South Central Nonsalt.
All regions are above the five-year average..
