EIA: US NatGas Storage Reports 132 Bcf Weekly Withdrawal

VIENNA (DTN) – Energy Information Administration data released midmorning Thursday (3/5) show a 132 billion cubic feet withdrawal from U.S. natural gas storage to 1.886 trillion cubic feet in the week ended February 27.

Natural gas in U.S. storage is 6.5% higher than last year and 2.2% below the five-year average of 1.929 Tcf.

Regionally, EIA reports the East registered a 42 Bcf withdrawal to 322 Bcf, 6.1% less than a year ago and 17% lower than the five-year average.

Natural gas in storage in the Midwest decreased 44 Bcf week-on-week to 397 Bcf, a 0.8% deficit compared to the same week a year ago and 16.2% lower than the five-year average.

Mountain region natural gas in storage decreased 3 Bcf, up 19.3% year-on-year to 53.5% above the five-year average.

South Central storage fell 41 Bcf to 712 Bcf, 7.6% more than in the same week last year and 6.6% below the five-year average.