Thursday, December 31, 2009

Storage Down 124 Bcf

As expected, the EIA's weekly report of natural gas in storage showed a decrease of 124 Bcf to 3.276 Tcf.  The decrease was in line with last year's decrease (144 Bcf) and the five year average (120 Bcf).  While it is still more than 13% over the five year average, as the chart below shows, it is getting close to re-entering the band of the five year range.

Withdrawals were largest in the East Region (90 Bcf), followed by the Producing Region (23 Bcf) and West Region (11 Bcf).

No comments: