Sustained cold temperatures drive the second largest net withdrawal from working gas stocks in the Lower 48 states">Sustained cold temperatures drive the second largest net withdrawal from working gas stocks in the Lower 48 states
(Tue, 02 Mar 2021) Working gas operators reported the second-largest weekly net withdrawals for the Lower 48 states following a week characterized by widespread extreme cold throughout most of the country, which increased heating demand for natural gas. Net withdrawals from underground natural gas storage facilities totaled 338 billion cubic feet (Bcf) for the week ending February 19, which was 218 Bcf more than the five-year average net withdrawals for the week and only 21 Bcf less than the all-time weekly record withdrawal (359 Bcf reported for the week ending January 5, 2018). As a result, working gas stocks fell lower than the five-year average by 161 Bcf.
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