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Energy Preview: Natural Gas Storage Down Around 15% On Year In US

4 Feb 2022 , 09:05 AM

The US Natural gas storage fields recorded the largest weekly draw of the heating season. Storage fields withdrew 268 Bcf for the week ended January 28, according to data the US Energy Information Administration (EIA) data. The drawdown outpaced the five-year average of 150 Bcf and last years 183 Bcf pull in the corresponding week. Working gas inventories decreased to 2.323 Tcf. US storage volumes now stand at 393 Bcf, or 14.5%, below the year-ago level of 2.716 Tcf and 143 Bcf, or 6%, below the five-year average of 2.466 Tcf.

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