Wednesday, January 22, 2025

Weekly Gas Storage: Inventories decrease by 37 Bcf

Natural Gas Inventories as of March 29, 2024

The EIA has released its natural gas inventory report, showing a net decrease of 37 Bcf as of March 29, 2024.

Working gas in storage was 2,259 Bcf as of Friday, March 29, 2024, according to EIA estimates. This represents a net decrease of 37 Bcf from the previous week. Stocks were 422 Bcf higher than last year at this time and 633 Bcf above the five-year average of 1,626 Bcf.

At 2,259 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories decrease by 37 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
(3/29/23)
5-year average
(2018-22)
Region 3/29/24
3/22/24
net change implied flow Bcf % change Bcf % change
East 363 387 -24 -24 337 7.7 298 21.8
Midwest 510 528 -18 -18 426 19.7 369 38.2
Mountain 162 166 -4 -4 81 100.0 88 84.1
Pacific 227 223 4 4 73 211.0 147 52.3
South Central 996 991 -5 -5 920 8.3 723 37.8
   Salt 294 294 0 0 263 11.8 216 36.1
   Nonsalt 701 698 3 3 657 6.7 507 38.3
Total 2,259 2,296 -37 -37 1,837 23.0
1,626 38.9
Totals may not equal sum of components because of independent rounding.

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

All regions are above the five-year average..

 

 

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