Sunday, April 29, 2018

Working gas in storage barely tapped: EIA

The volume of working natural gas pulled from storage during the week ended April 20, was exactly half the amount taken one week earlier, and the lowest volume since early November, the Energy Information Administration reported.

Just 18 billion cubic feet (Bcf) of working gas was pulled from storage during the week ended April 20, with total working gas remaining underground falling to 1.28 trillion cubic feet (Tcf), from 1.3 Tcf one week earlier. (All numbers are rounded.)

The most recent total for stored working gas was down a whopping 897 Bcf, or 41.2%, from the year-ago total of 2.18 Tcf, and was down 527 Bcf, or 29.1%, from the five-year average of 1.81 Tcf, Kallanish Energy calculates.

Three of the five regions EIA divides the Lower 48 U.S. states into when tracking stored working gas recorded a week-to-week drop in the fossil fuel, EIA found.

The biggest drawdown was in the Midwest region, 17 Bcf, or 7.5%, to 211 Bcf, from 228 Bcf stored during the week ended April 13.

The latest Midwest total was down 291 Bcf, or 58%, from the year-ago total of 502 Bcf, and was down 157 Bcf, or 42.7%, from the five-year average of 368 Bcf, EIA reported.

The Mountain and Pacific regions each reported an increase in stored working gas, but combined, the addition totaled just 3 Bcf.


https://www.shaledirectories.com/blog/working-gas-in-storage-barely-tapped-eia/

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