EIA: US NatGas Stocks DN About-as-Expected 29 Bcf in Week
CANYON LAKE, Texas (DTN) -- The Energy Information Administration today
reported natural gas held in U.S. storage decreased an about-as-expected 29 Bcf
in the week-ended March 20 to 2.005 Tcf, which is up 888 Bcf or 79.5% from the
same time in 2019 and 292 Bcf or 17% above the five-year average of 1.713 Tcf.
The 29 Bcf draw on working gas in the week-ended March 20 compares with a 39
Bcf pull reported in the same week last year and a five-year average decline of
40 Bcf, agency data shows. Although the 29 Bcf draw on working gas was more
than the 9 Bcf decrease last week, U.S. natural gas consumption is expected to
decline in the weeks ahead as heating demand wanes.
EIA data showed South Central region natural gas stocks climbed 15 Bcf in
the week at 829 Bcf, which is up 361 Bcf or 77.1% from the same time last year
and 106 Bcf or 14.7% above the five-year average of 723 Bcf.
Natural gas supplies in the Midwest region fell 20 Bcf in the week-ended
March 20 to 492 Bcf while East region stocks declined 14 Bcf at 398 Bcf. Versus
five-year average levels, Midwest region supplies are up 113 Bcf or 29.8% and
East region stocks are up 97 Bcf or 32.2%.
Natural gas inventories in the Pacific region dropped 5 Bcf during the week
to 194 Bcf while Mountain region supplies fell 4 Bcf at 92 Bcf, EIA data shows.
Versus five-year average levels, Pacific region natural gas stocks are down 7
Bcf or 3.5% and Mountain region inventories are down 16 Bcf or 16.4%.
(c) 2020 DTN. All rights reserved.