Weekly Natural Gas Storage Report 12/29
Summary
Working gas in storage was 3,548 Bcf as of Friday, December 23, 2011, according to EIA estimates. This represents a net decline of 81 Bcf from the previous week. Stocks were 297 Bcf higher than last year at this time and 428 Bcf above the 5-year average of 3,120 Bcf. In the East Region, stocks were 186 Bcf above the 5-year average following net withdrawals of 53 Bcf. Stocks in the Producing Region were 216 Bcf above the 5-year average of 989 Bcf after a net withdrawal of 9 Bcf. Stocks in the West Region were 27 Bcf above the 5-year average after a net drawdown of 19 Bcf. At 3,548 Bcf, total working gas is above the 5-year historical range.