EIA:NatGas Storage Withdrawal Comes in at Expected 338 Bcf


   
   OAKHURST, N.J. (DTN) -- The Energy Information Administration today reported 
a withdrawal of 338 Bcf in natural gas held in U.S. storage to 1.943 Tcf in the 
week ended Feb. 19, as extreme weather curtailed operations that led to a 
sizable withdrawal in the South Central United States which joined continued 
steep storage declines in the East and Midwest regions.

   Natural gas held in storage is 13.3% lower than the same time in 2020 while 
now 7.7% below the five-year average of 2.104 Tcf.

   East region natural gas supplies dropped 61 Bcf to 424 Bcf in the week ended 
Feb. 19, 14.5% lower than a year earlier while 3.5% below the five-year average 
of 440 Bcf.

   EIA reports Midwest region natural gas inventories sank 81 Bcf to 508 Bcf, 
16% below year ago and 5.4% less than the five-year average.

   South Central region gas stocks plummeted 156 Bcf to 670 Bcf, while Mountain 
region supply decreased 14 Bcf to 123 Bcf and the Pacific region dropped 26 Bcf 
to 218 Bcf.

   Data show South Central natural gas in storage a steep 19.5% below a 
year-ago and 17.4% less than the five-year average while in the Mountain region 
supply is 10.8% more than the same week in 2020 and the Pacific region is 10.7% 
more than last year.




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