Thursday, April 8, 2010

Gas in Storage: +31 Bcf

The weekly EIA working gas in storage report showed a 31 Bcf increase from last week to 1.669 Tcf.  This figure is slightly below last year's figure for this week, but is 12% higher than the five year average of 1.489 Tcf.  This is the third straight week of net injections into storage, but it is the first week of net increases for the five year average.

By location, storage in the East and West Regions netted out at zero with the East region consuming net 3 Bcf and the West Region injecting 3 Bcf. The Producing Region saw a net 31 Bcf injection.

Temperatures last week across the nation were mild, with above average highs in the Upper Midwest, so the net change in storage makes sense.

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