EIA reports 72 Bcf Withdrawn from NatGas Storage Last Week


   
   OAKHURST, N.J. (DTN) -- The Energy Information Administration this morning 
reported a withdrawal of 72 billion cubic feet from U.S. natural gas storage to 
1.9 trillion cubic feet in the week ended March 17, slightly below than the 
estimated 75 Bcf withdrawal rate.

   Natural gas in U.S. storage is 36.1% above a year earlier and 22.7% more 
than the five-year average 1.549 Tcf.

   Regionally, EIA reports a 36 Bcf withdrawal in the East to 355 Bcf through 
Friday (3/17), 31% more than the same week in 2022 while 18.7% above the 
five-year average of 299 Bcf.

   Natural gas in storage in the Midwest was drawn down 29 Bcf to 461 Bcf last 
week, a 43.6% surplus compared to a year ago and 27.7% higher than five-year 
average. Mountain region natural gas in-storage declined 3 Bcf to 84 Bcf, 3.4% 
less than the corresponding week in 2022 and 5.6% below the five-year average.

   In the South Central, natural gas in storge decreased 6 Bcf to 927 Bcf in 
the week previewed, a sizable 65.2% more than the same week in 2022 and 45.5% 
above the five-year average 632 Bcf.




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