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US gas storage rise by 28bn cu ft

By BFN News | 03:36 PM | Thursday 29 July, 2010


US working gas in storage rose to 2,919bn cu ft at 23 July, according to Energy Information Administration estimates today (29 July). This represents a net increase of 28bn cu ft from the previous week. Stocks were 94bn cu ft less than last year at this time and 239bn cu ft above the five-year average of 2,680bn cu ft. In the East Region, stocks were 25bn cu ft above the five-year average following net injections of 34 bn cu ft. Stocks in the Producing Region were 126bn cu ft above the five-year average of 861bn cu ft after a net withdrawal of 5bn cu ft. Stocks in the West Region were 88bn cu ft above the five-year average after a net drawdown of 1bn cu ft. At 2,919bn cu ft, total working gas is within the five-year historical range. Story provided by StockMarketWire.com