Natural gas storage in the US decreased by 40 billion cubic feet (bcf) in the week ended Jan. 3, falling short of expectations for a 53 bcf decline.
According to data released on Jan. 8 by the US Energy Information Administration (EIA), total natural gas inventories amounted to 3.37 trillion cubic feet, a decline of 0.1% (or nearly three bcf) year-on-year (YoY).
However, gas storage is 6.5% (around 207 bcf) above the five-year average (2019-2023) of 3.16 trillion cubic feet.
The weekly natural gas storage report is typically released on Thursday but was issued a day early due to the funeral of former US President Jimmy Carter scheduled for Jan. 9.
Natural Gas Storage in US (Bcf) |
||||
Item |
Last Year |
Last Week |
Current |
Weekly Change |
Natural Gas |
3376 |
3413 |
3373 |
(40) |
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