Thursday, 16 August 2012

US gas storage rises by 20bn cu ft

US working gas in storage rose to 3,261bn cu ft in the week ending 10 August,

The US Energy Information Administration says this represents a net increase of 20bn cu ft from the previous week.

Stocks were 442bn cu ft higher than last year at this time and 363bn cu ft above the five-year average of 2,898bn cu ft.

In the East Region, stocks were 118bn cu ft above the five-year average following net injections of 29bn cu ft.

Stocks in the Producing Region were 174bn cu ft above the five-year average of 930bn cu ft after a net withdrawal of 4bn cu ft.

Stocks in the West Region were 71bn cu ft above the five-year average after a net drawdown of 5bn cu ft.

At 3,261bn cu ft, total working gas is above the five-year historical range.

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