MassiveIndustry

(Mon, 03 Jun 2019) In the United States, working natural gas in storage in the Lower 48 states totaled 1,867 billion cubic feet (Bcf), or 257 Bcf less than the five-year average for the week ending May 24, 2019. This level is the smallest deficit to the preceding five-year average since December 29, 2017, when it totaled 192 Bcf. In 2019, the working natural gas deficit to the five-year average was largest when it was 565 Bcf for the week ending March 8. Since then, net weekly injections into working natural gas have been larger than their previous five-year average for 11 consecutive weeks because of year-over-year natural gas production gains and relatively modest natural gas consumption as a result of relatively mild temperatures in most parts of the Lower 48 states. The deficit of the winter of 2018–19 reached 725 Bcf for the week ending November 30, 2018, the largest deficit to the previous five-year average since 2010. Lower 48 states' working natural gas stocks have not exceeded their previous five-year average for any week since September 2017.