EIA: US Natural Gas Stocks DN 45 Bcf in Week to 1.143 Tcf
3/21 9:59 AM
EIA: US Natural Gas Stocks DN 45 Bcf in Week to 1.143 Tcf HOUSTON (DTN) -- The Energy Information Administration today reported natural gas held in U.S. storage decreased an about-as-expected 43 Bcf in the week-ended March 15 to 1.143 Tcf. EIA revised U.S. natural gas stocks reported for March 8 from 1,186 Bcf to 1,190 Bcf to reflect an upward adjustment to supplies in the South Central Region. The 45 Bcf draw on working gas during the week compared to an 87 Bcf decrease in the same week in 2018 and a five-year average decline of 56 Bcf. At 1.143 Tcf on March 15, U.S. natural gas supplies are down 315 Bcf or 21.6% from the same time in 2018 and 556 Bcf or 32.7% below the five-year average of 1.854 Tcf. EIA data shows South Central Region natural gas stocks rose 2 Bcf in the week at 471 Bcf while Midwest Region supplies dropped 19 Bcf to 268 Bcf. Versus five-year average levels, South Central Region inventories were down 228 Bcf or 32.6% and Midwest Region stocks were down 106 Bcf or 28.3%. East Region natural gas inventories decreased 16 Bcf in the week to 246 Bcf, which was down 30 Bcf from the year-ago level and 64 Bcf or 20.6% below the five-year average of 310 Bcf. EIA data shows Pacific Region natural gas stocks fell 6 Bcf in the week-ended March 15 to 96 Bcf while Mountain Region supplies declined 4 Bcf to 62 Bcf. Compared to five-year average levels, Pacific Region stocks were down 104 Bcf or by 52.0% and Mountain Region stocks were down 53 Bcf or 46.1%. (c) 2019 DTN. All rights reserved.
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