EIA reports 72 Bcf Withdrawn from NatGas Storage Last Week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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