Wednesday, January 29, 2025

Weekly Gas Storage: Inventories increase by 98 Bcf

Natural Gas Inventories as of May 31, 2024

The EIA has released its natural gas inventory report, showing a net increase of 98 Bcf as of May 31, 2024.

Working gas in storage was 2,893 Bcf as of Friday, May 31, 2024, according to EIA estimates. This represents a net increase of 98 Bcf from the previous week. Stocks were 373 Bcf higher than last year at this time and 581 Bcf above the five-year average of 2,312 Bcf.

At 2,893 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories increase by 98 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
(5/31/23)
5-year average
(2018-22)
Region 5/31/24
5/24/24
net change implied flow Bcf % change Bcf % change
East 575 538 37 37 543 5.9 458 25.5
Midwest 681 652 29 29 596 14.3 530 28.5
Mountain 218 210 8 8 134 62.7 130 67.7
Pacific 273 267 6 6 160 70.6 225 21.3
South Central 1,146 1,128 18 18 1,086 5.5 969 18.3
   Salt 330 324 6 6 315 4.8 295 11.9
   Nonsalt 817 804 13 13 772 5.8 674 21.2
Total 2,893 2,795 98 98 2,520 14.8
2,312 25.1
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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