By DTN Staff
CANYON LAKE, Texas (DTN) — The Energy Information Administration Thursday reported natural gas held in U.S. storage decreased a less than expected 48 Bcf in the week ended March 6 to 2.043 Tcf, which is up 796 Bcf or 63.8% from the same time in 2019 and 227 Bcf or 12.5% above the five-year average of 1.816 Tcf.
The 48 Bcf draw compares with a 164 Bcf pull reported in the same week last year and a five-year average decline of 99 Bcf, agency data shows.
Natural gas supplies in the Midwest region dropped 29 Bcf in the week ended March 6 to 529 Bcf while East region stocks declined 25 Bcf at 426 Bcf. Versus five-year average levels, Midwest region supplies are up 105 Bcf or 24.8% and East region are up 73 Bcf or 20.7%.
South Central region natural gas stocks increased 7 Bcf in the week at 791 Bcf, which is up 294 Bcf or 59.2% from the same time last year while 64 Bcf or 8.8% above the five-year average of 727 Bcf.
