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

 

 

Share this article

Follow LNG World News

Events>

<< Jan 2017 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

CWC Iran LNG & Gas Partnerships Summit

It is the must attend event to form partnerships and explore opportunities along the dynamic gas value chain…

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas (LNG) sector – training course by tutored distance learning…

read more >

LNG Pricing, Trading & Risk Management / 2-Day Course

The global LNG market is rapidly growing in size and complexity…

read more >

Floating LNG

Despite challenging market conditions, global capital expenditure (Capex) on FLNG facilities is forecast to increase significantly over the 2016-2022 period. The protracted oil price downturn has impacted the sanctioning of capital intensive liquefaction units over the last 24 months. However, the need to move towards cleaner sources of energy and diversify gas supply has stimulated the floating regasification market – over 14 countries are expected to commission their first floating import unit over the forecast period. Against this backdrop, SMi’s 5th annual Floating LNG conference will provide attendees with strategic insight on the latest developments within the FLNG market to optimise activities and ensure project sustainability and success. The two-day programme will also equip you with the tools to overcome the logistical, financial, technological and economic challenges associated with FLNG deployment and ensure succinct transition from design to operation.

More info

read more >