BusinessCreator, Inc.

Stored working-gas total keeps rising

The volume of working natural gas added to underground storage during the week ended Aug. 3, rose 46 billion cubic feet (Bcf), or 2%, from the previous week, the Energy Information Administration reports.

Total working gas in storage at Aug. 3, rose to 2.35 trillion cubic feet (Tcf), up from 2.31 Tcf one week earlier (all numbers are rounded). The latest total was down 671 Bcf, or 22.2%, from the year-ago total of 3.03 Tcf, and was down 572 Bcf, or 19.5%, from the five-year average of 2.93 Tcf.

Three of the five regions EIA divides the Lower 48 U.S. states into to track stored working gas, recorded a week-to-week increase in stored gas, while two had gas pulled from storage, Kallanish Energy finds.

The biggest week-to-week increase was reported in the Midwest region, up 27 Bcf, or 4.9%, during the week ended Aug. 3, to 579 Bcf. The total was down 190 Bcf, or 24.7%, from the year-ago total of 769 Bcf, and was down 153 Bcf, or 20.9%, from the five-year average of 732 Bcf.

The biggest week-to-week decrease in stored working gas was in the Pacific region, down 5 Bcf, or 5%, from 250 Bcf, to 245 Bcf. The region’s total was down 45 Bcf, or 15.5%, from the year-ago total of 290 Bcf, and was down 71 Bcf, or 22.5%, from the five-year average of 316 Bcf.

[Read More …]

Be Sociable, Share!
  • vuible
  • more
Northeast Supply Enhancement