EIA: Working Gas in Underground Storage at 2,761 Bcf (USA)

EIA: Working Gas in Underground Storage at 2,761 Bcf

The U.S. Energy Information Administration said in a weekly report that working gas in storage was at 2,761 Bcf as of last Friday.

This represents a net decline of 127 Bcf from the previous week, the EIA said.

Stocks were 817 Bcf higher than last year at this time and 765 Bcf above the 5-year average of 1,996 Bcf.

The EIA said that in the East Region, stocks were 302 Bcf above the 5-year average following net withdrawals of 83 Bcf.

Stocks in the Producing Region were 365 Bcf above the 5-year average of 686 Bcf after a net withdrawal of 37 Bcf.

Stocks in the West Region were 99 Bcf above the 5-year average after a net drawdown of 7 Bcf.

At 2,761 Bcf, total working gas is above the 5-year historical range, the EIA added.

LNG World News Staff, February 17, 2012; Image: EIA