The latest Energy Information Administration natural gas storage data recorded a 152 billion cubic feet (Bcf) net decline of working gas in storage for the week ending February 3rd. With the reclassification in the Pacific region, the implied flow is -147 Bcf.
From time-to-time gas in storage is reclassified from working gas to base gas. Base gas is the quantity needed to maintain adequate pressures and deliverability rates. Working gas is quantity available to be withdrawn from storage. Total gas in storage is the sum of base gas plus working gas.
EIA Natural Gas Storage Data:
- Total (02/03/17): 2,559 Bcf (Reclassification)
- Total (01/27/17): 2,711 Bcf
- Net change: -152 Bcf
- Implied flow: -147 Bcf (Reclassification)
- Year ago stocks: 2,884 Bcf
- % change from year ago: -11.3 %
- 5-year avg stocks: 2,514 Bcf
- % change from 5-year avg: 1.8 %
