Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Natural Gas

US natural gas storage volume falls 173 Bcf to 2.197 Bcf: EIA

LNG | Natural Gas | Natural Gas (North American)

Uncertainty remains for US LNG project developers following initial China trade deal

LNG | Natural Gas | NGL

Platts LNG Alert

Capital Markets | Electricity | Energy | LNG | Natural Gas | Shipping | Leveraged Finance & High Yield | Materials | Building & Construction | Financial Services | Banking | Infrastructure | Structured Finance

Infrastructure Summit

Coal | Thermal Coal | Electric Power | Renewables | Natural Gas | Natural Gas (North American)

US coal-fired power generation totals 75.6 TWh in November, down 18.7% on year: EIA

US natural gas storage volume falls 173 Bcf to 2.197 Bcf: EIA

New York — US natural gas in storage decreased 173 Bcf to 2.197 Tcf in the week that ended January 25, the US Energy Information Administration reported Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The withdrawal was well below the expectations of an S&P Global Platts' survey of analysts, which called for a 197 Bcf pull. The draw was completely outside of the range of survey responses. The lowest response was for a 176 Bcf withdrawal.

The withdrawal was considerably above the 126 Bcf pull reported in the corresponding week in 2018 as well as the five-year average draw of 150 Bcf, according to EIA data.

As a result, stocks were 14 Bcf, or 0.6%, under the year-ago level of 2.211 Tcf and 328 Bcf, or 13%, below the five-year average of 2.525 Tcf.

The NYMEX March gas futures contract slid 2 cents to $2.83/MMBtu following the data announcement.

The EIA reported a 39 Bcf withdrawal in the East to trim regional stocks to 527 Bcf, compared with 529 Bcf a year ago; a 67 Bcf draw in the Midwest to drop inventories to 606 Bcf, compared with 601 Bcf a year ago; a 7 Bcf pull in the Mountain region to cut stocks to 114 Bcf, compared with 138 Bcf a year ago; a 7 Bcf withdrawal in the Pacific to drop inventories to 178 Bcf, compared with 222 Bcf a year ago; and a 52 Bcf draw in the South Central region to decrease stocks to 771 Bcf, compared with 720 Bcf a year ago.

Total inventories are now 48 Bcf under the five-year average of 575 Bcf in the East, 57 Bcf below the five-year average of 663 Bcf in the Midwest, 35 Bcf lower than the five-year average of 149 Bcf in the Mountain region, 64 Bcf below the five-year average of 242 Bcf in the Pacific and 125 Bcf under the five-year average of 896 Bcf in the South Central region.

An early forecast for the week that ended February 1 calls for a withdrawal of 255 Bcf, which is 105 Bcf larger than the five-year average draw. It would be the largest pull ever for reported for the corresponding week. During the polar vortex of 2014, 231 Bcf was drawn down during the same week.

-- Brandon Evans,

-- Edited by Keiron Greenhalgh,