EIA: NG Falls in Latest Week

OAKHURST, N.J. (DTN) -- Natural gas held in U.S. storage was 3.518 trillion cubic feet (Tcf) as of Dec. 6, a net withdrawal of 73 billion cubic feet (Bcf) from the prior week but 593 Bcf or 20.3% from the same time in 2018, according to data release Thursday by the Energy Information Administration. Versus the five-year average, supply is down 0.4%.

EIA data shows Midwest Region natural gas inventories dropped 27 Bcf during the week to 1.013 Tcf, which 14% more than the same time last year while 0.4% above the five-year average of 1.009 Tcf.

East Region natural gas stocks declined 24 Bcf in the week ended Dec. 6 to 867 Bcf, up 18% from this time last year while South Central Region inventories are about 30% above a year ago at 1.168 Tcf, down 6 Bcf on the week.

Natural gas inventories in the Pacific Region fell 10 Bcf in the week ended Dec. 6 to 276 Bcf, 15% higher than a year earlier while 11.5% below the five-year average level. Mountain Region natural gas stocks declined 7 Bcf in the week to 193 Bcf, up 20% from a year ago but 3.5% below the five-year average.