Thursday, February 14, 2013

EIA: Storage -157 Bcf to 2.527 Tcf

The EIA natural gas storage report showed a 157 Bcf withdrawal this week, bringing total working gas in storage to 2.527 Tcf.  The weekly withdrawal was 39% greater than last year (-113 Bcf) and in line with the five year average (-154 Bcf).  The current storage level is 9.7% below last year (2.797 Tcf), which is not saying much, but 16% above the five year average.

Temperatures in the Lower 48 last week averaged 34.4 degrees, which was 8.3 degrees cooler than last year and 0.1 degrees cooler than average.

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