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EIA: US NatGas Stocks Dropped 151 Bcf in Week at 2.343 Bcf
2/20 9:52 AM
EIA: US NatGas Stocks Dropped 151 Bcf in Week at 2.343 Bcf CANYON LAKE, Texas (DTN) -- The Energy Information Administration today reported natural gas held in U.S. storage dropped a more-than-expected 151 Bcf in the week-ended Feb. 14 to 2.343 Tcf, which is up 613 Bcf or 35.4% from the same time in 2019 and 200 Bcf or 9.3% above the five-year average of 2.143 Tcf. The 151 Bcf draw on domestic gas stocks in the week-ended Feb. 14 compares with a 163 Bcf pull reported in the same week last year and a five-year average decline of 136 Bcf. EIA data shows natural gas stocks in both the South Central region and East region dropped 42 Bcf in the week at 861 Bcf and 527 Bcf, respectively. Versus five-year average levels, South Central region supplies are up 53 Bcf or 6.6% and East region stocks up 74 Bcf or 16.3%. Natural gas supplies in the Midwest region fell 55 Bcf during the week to 639 Bcf, which is up 195 Bcf or 43.9% from the same time last year and 101 Bcf or 18.8% above the five-year average 538 Bcf. Natural gas inventories in the Pacific region decreased 4 Bcf in the week at 198 Bcf while Mountain region supplies dropped 9 Bcf to 117 Bcf. Versus five-year average levels, Pacific region natural gas stocks are down 19 Bcf or 8.8% while Mountain region inventories are down 9 Bcf or 7.1%. (c) 2020 DTN. All rights reserved.