Saturday, November 30, 2024

Weekly Gas Storage: Inventories increase by 36 Bcf

Natural Gas Inventories as of March 22, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 36 Bcf as of March 22, 2024.

Working gas in storage was 2,296 Bcf as of Friday, March 22, 2024, according to EIA estimates. This represents a net decrease of 36 Bcf from the previous week. Stocks were 430 Bcf higher than last year at this time and 669 Bcf above the five-year average of 1,627 Bcf.

At 2,296 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories decrease by 36 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
(3/22/23)
5-year average
(2018-22)
Region 3/22/24
3/15/24
net change implied flow Bcf % change Bcf % change
East 387 406 -19 -19 346 11.8 308 25.6
Midwest 528 551 -23 -23 444 18.9 380 38.9
Mountain 166 166 0 0 83 100.0 87 90.8
Pacific 223 216 7 7 73 205.5 145 53.8
South Central 991 993 -2 -21 920 7.7 706 40.4
   Salt 294 300 -6 -6 262 12.2 208 41.3
   Nonsalt 698 694 4 4 658 6.1 498 40.2
Total 2,296 2,332 -36 -36 1,866 23.0
1,627 41.1
Totals may not equal sum of components because of independent rounding.

All regions experienced a net decrease, except for the Pacifict, South Central Nonsalt, and Mountain regions.

All regions are above the five-year average..

 

 

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