Saturday, October 19, 2024

Weekly Gas Storage: Inventories decrease by 75 Bcf

Natural Gas Inventories as of February 2, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 75 Bcf as of February 2, 2024.

Working gas in storage was 2,584 Bcf as of Friday, February 2, 2024, according to EIA estimates. This represents a net decrease of 75 Bcf from the previous week. Stocks were 187 Bcf higher than last year at this time and 248 Bcf above the five-year average of 2,336 Bcf.

At 2,584 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories decrease by 75 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
(2/02/23)
5-year average
(2018-22)
Region 2/02/24
1/26/24 net change implied flow Bcf % change Bcf % change
East 568 605 -37 -37 536 6.0 529 7.4
Midwest 689 727 -38 -38 651 5.8 629 9.5
Mountain 183 185 -2 -2 122 50.0 127 44.1
Pacific 228 223 5 5 126 81.0 190 20.0
South Central 916 919 -3 -3 962 -4.8 861 6.4
   Salt 257 248 -9 -9 275 -6.5 256 0.4
   Nonsalt 659 672 -13 -13 687 -4.1 606 8.7
Total 2,584 2,659 -75 -75 2,397 7.8
2,336 10.6
Totals may not equal sum of components because of independent rounding.

All regions experienced a net decrease, except for the Pacific region.

All regions are above the five-year average..

 

 

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