Natural Gas Storage

Natural Gas Storage

The net withdrawal from storage totaled 151 Bcf for the week ending February 14, compared with the five-year (2015–19) average net withdrawal of 136 Bcf and last year's net withdrawal of 163 Bcf during the same week. Working natural gas stocks totaled 2,343 Bcf, which is 200 Bcf more than the five-year average and 613 Bcf more than last year at this time.

According to The Desk survey of natural gas analysts, estimates of the weekly net change to working natural gas stocks ranged from a net withdrawal of 128 Bcf to 158 Bcf, with a median estimate of 144 Bcf.

The average rate of withdrawal from storage is 11% lower than the five-year average so far in the withdrawal season (November through March). If the rate of withdrawal from storage matched the five-year average of 9.7 Bcf/d for the remainder of the withdrawal season, the total inventory would be 1,897 Bcf on March 31, which is 200 Bcf higher than the five-year average of 1,697 Bcf for that time of year.