Monday, November 18, 2024

Weekly Gas Storage: Inventories increase by 10 Bcf

Natural Gas Inventories as of July 12, 2024

The EIA has released its natural gas inventory report, showing a net increase of 10 Bcf as of July 12, 2024.

Working gas in storage was 3,209 Bcf as of Friday, July 12, 2024, according to EIA estimates. This represents a net increase of 10 Bcf from the previous week. Stocks were 250 Bcf higher than last year at this time and 465 Bcf above the five-year average of 2,744 Bcf.

At 3,209 Bcf, total working gas is within the five-year historical range.

 

Weekly Gas Storage: Inventories increase by 10 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
(7/12/23)
5-year average
(2018-22)
Region 7/12/24
7/05/24
net change implied flow Bcf % change Bcf % change
East 686 682 4 4 659 4.1 592 15.9
Midwest 814 800 14 14 736 10.6 684 19.0
Mountain 248 245 3 3 184 34.8 169 46.7
Pacific 289 289 0 0 230 25.7 262 10.3
South Central 1,173 1,183 -10 -10 1,149 2.1 1,037 13.1
   Salt 318 327 -9 -9 322 -1.2 283 12.4
   Nonsalt 855 856 -1 -1 828 3.3 753 13.5
Total 3,209 3,199 10 10 2,959 8.4
2,744 16.9
Totals may not equal sum of components because of independent rounding.

All regions experienced a net increase, except for South Central, South Central Salt and South Central Nonsalt.

All regions are above the five-year average..

 

 

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