US Natural Gas Storage Withdrawal at 21 Bcf meets Estimate
11/24 11:34 AM
US Natural Gas Storage Withdrawal at 21 Bcf meets Estimates CRANBURY, N.J. (DTN) -- A 21 billion cubic feet withdrawal from natural gas storage in the United States during the week-ended Nov. 19 pressed stored inventory down to 3.623 trillion cubic feet, 320 Bcf or 8.1% below year ago, while a narrower 58 Bcf or 1.6% less than the five-year average. The weekly withdrawal rate matched market expectations. Storage withdrawals were realized in the East region, down 11 Bcf to 889 Bcf, which is 48 Bcf or 5.1% below year ago, and Midwest region, where a 13 Bcf decline left storage at 1.066 Tcf, 68 Bcf or 6% below year ago. Natural gas storage also declined in the Mountain region, down 2 Bcf to 210 Bcf, which is 32 Bcf or 13.25 less than during the same week in 2020. Natural gas storage increased 1 Bcf in the Pacific region to 262 Bcf, 58 Bcf or 18.1% below year ago, and by 6 Bcf in the South Central region to 1.197 Tcf, 114 Bcf or 8.7% below the comparable week a year ago. (c) Copyright 2021 DTN, LLC. All rights reserved.