Wednesday, November 27, 2024

Weekly Gas Storage: Inventories decrease by 96 Bcf

Natural Gas Inventories as of February 23, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 96 Bcf as of February 23, 2024.

Working gas in storage was 2,374 Bcf as of Friday, February 23, 2024, according to EIA estimates. This represents a net decrease of 96 Bcf from the previous week. Stocks were 248 Bcf higher than last year at this time and 498 Bcf above the five-year average of 1,876 Bcf.

At 2,374 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories decrease by 96 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
(2/23/23)
5-year average
(2018-22)
Region 2/23/24
2/16/24 net change implied flow Bcf % change Bcf % change
East 453 505 -52 -52 455 -0.4 409 10.8
Midwest 600 631 -31 -31 548 9.5 482 24.5
Mountain 169 173 -4 -4 100 69.0 100 69.0
Pacific 217 217 0 0 100 117.0 160 35.6
South Central 935 944 -9 -9 923 1.3 725 29.0
   Salt 275 278 -3 -3 261 5.4 203 35.5
   Nonsalt 660 666 -6 -6 661 -0.2 522 26.4
Total 2,374 2,470 -96 -96 2,126 11.7
1,876 26.5
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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