EIA reports 119 Bcf Withdrawal From US NatGas Storage

VIENNA (DTN) – Energy Information Administration data released midmorning Thursday (1/8) show a 119 billion cubic feet withdrawal from U.S. natural gas storage to 3.256 trillion cubic feet in the week ended January 02.

Natural gas in U.S. storage is 3.6% lower than last year and 1% above the five-year average of 3.225 Tcf.

Regionally, EIA reports the East registered a 39 Bcf withdrawal to 697 Bcf, 5.6% less than a year ago and 6.4% lower than the five-year average.

Natural gas in storage in the Midwest decreased 44 Bcf week-on-week to 821 Bcf, a 7.3% deficit compared to the same week a year ago and 7.9% lower than the five-year average.

Mountain region natural gas in storage decreased 8 Bcf, unchanged year-on-year and 28% above the five-year average.

South Central storage fell 25 Bcf to 1178 Bcf, 2.3% less than in the same week last year and 3% above the five-year average.