Thursday, December 26, 2024

Weekly Gas Storage: Inventories increase by 84 Bcf

Natural Gas Inventories as of May 24, 2024

The EIA has released its natural gas inventory report, showing a net increase of 84 Bcf as of May 24, 2024.

Working gas in storage was 2,795 Bcf as of Friday, May 24, 2024, according to EIA estimates. This represents a net increase of 84 Bcf from the previous week. Stocks were 380 Bcf higher than last year at this time and 586 Bcf above the five-year average of 2,209 Bcf.

At 2,795 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories increase by 84 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
(5/24/23)
5-year average
(2018-22)
Region 5/24/24
5/17/24
net change implied flow Bcf % change Bcf % change
East 538 511 27 27 513 4.9 428 25.7
Midwest 652 628 24 24 568 14.8 500 30.4
Mountain 210 202 8 8 125 68.0 122 72.1
Pacific 267 259 8 8 148 80.4 214 24.8
South Central 1,128 1,112 16 16 1,062 6.2 944 19.5
   Salt 324 319 5 5 301 7.6 290 11.7
   Nonsalt 804 793 11 11 761 5.7 654 22.9
Total 2,795 2,711 84 84 2,415 15.7
2,209 26.5
Totals may not equal sum of components because of independent rounding.

All regions experienced a net increase.

All regions are above the five-year average..

 

 

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